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dusty1215 - > Dusty's View of Life -> Goodbye Houston: An Alternative Annual Report on Halliburton
Goodbye Houston: An Alternative Annual Report on Halliburton
From CorpWatch:

Houston, May 15, 2007: CorpWatch and its partners today released an alternative annual report on Halliburton titled: "Goodbye Houston" The new report was prepared in association with Halliburton Watch and the Oil & Gas Accountability Project.

The new report (the fourth in the series) is being issued on the eve of Halliburton 's annual general meeting in Woodlands, Texas, on Wednesday, May 16th, 2007. An in-depth, hard-hitting report, "Goodbye Houston," provides a detailed look at Halliburton 's military and energy operations around the world as well as its political connections. It includes a series of recommendations for the company and its shareholders as well as for the United States policymakers.

Halliburton is one of the 10 largest contractors to the U.S. military. It has earned over $20 billion from the U.S.military in war-related contracts in Iraq since the March 2003 invasion. This cash bonanza may well be over because of the cancelation of its two most lucrative contracts: oil infrastructure reconstruction and military base support.

"With the loss of its two biggest taxpayer-funded contracts in Iraq, Halliburton has decided that its future lies outside the United States. The company decision to move its headquarters to Dubai could spell a major financial loss to the U.S. Treasury," says Pratap Chatterjee, co-director of CorpWatch.

"Given the multiple ongoing investigations into Halliburton 's alleged wrongdoing, policymakers should closely scrutinize Halliburton 's latest move, and whether it will allow the company to further elude accountability,” said Charlie Cray, co-director of Halliburton Watch and director of the Center for Corporate Policy. “Moreover, this underscores the need for Congress to bar companies that have broken the law, or avoided paying taxes, from receiving federal contracts.”

"Goodbye Houston" also documents

* how Halliburton may have broken the law by employing private security guards like Blackwater and Triple Canopy; the Triple Canopy guards have been alleged to have shot at unarmed Iraqis for sport

* Halliburton truck drivers allege the company failed to adequately protect them in Iraq

* new military audits which show deliberate concealment of high overheads

* new lawsuits allege that company management in Iraq and Kuwait knowingly wasted millions of dollars of taxpayers dollars

Today as the military slows its purchases of Halliburton services in Iraq, the company is diversifying into such profitable areas the provision of direct services to the oil and gas industry abroad.

* Halliburton has finally admitted that its executives may have been involved in bribery and political meddling Nigeria

* Halliburton 's hydraulic fracturing operations in the United States have continued to have disastrous impacts on the environment, including community water supplies

* Halliburton has been accused of substandard work on offshore operations in Brazil, and is under investigation for no-bid contracts in Algeria

Download 2007 Alternative Annual Report


Posted in these Groups:
Topics: Corruption, Halliburton, carpetbaggers, government contractors
posted by dusty1215 on Wednesday, May 16, 2007 at 09:22 AM
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12 comments from 5 users

1

posted by randomfactor on May 16, 2007 at 09:27 AM
I hope all their government contracts can now go to an American corporation.
posted by dusty1215 on May 16, 2007 at 09:32 AM
I hope we get our money back that they have scammed us out of..but I am not holding my breath on that one.
posted by mattloch on May 16, 2007 at 09:32 AM
I'd settle for someone who paid US taxes, Random.
posted by dusty1215 on May 16, 2007 at 09:49 AM
The federal coffers will be a tad lighter now that they are moving to the terrorist part of the world..correct?
posted by adampayne on May 16, 2007 at 02:58 PM
Dubye, Halliburton. We hardly knew you, since you set up dummie operations in the Cayman Islands to circumvent US policies and tax liabilities for years.  Thanks for Dick Cheney and his unerring accuracy in government and on the hunting grounds.
posted by randomfactor on May 16, 2007 at 03:02 PM
We can always get Hugo Chavez to advise the next President on nationalizing oil industries.  Halliburton won't be sending *ALL* their drilling rigs to Dubai.
posted by dusty1215 on May 16, 2007 at 03:41 PM
We will never nationalize our oil..its UnAmerican Random :P
posted by randomfactor on May 16, 2007 at 03:43 PM
Not the oil, just the drilling rigs with "Halliburton" on the side.
posted by dusty1215 on May 16, 2007 at 03:47 PM
oh...my bad.
posted by Hardliner4freedom on May 16, 2007 at 03:49 PM

Yeah, natianalizing oil is too drastic.  Just regulate it to the max like the public utility that it is.

On the supply side, order construction of more refining capacty, go to war against OPEC... oh, wait...

posted by dusty1215 on May 16, 2007 at 03:52 PM
lol..cute H4F :P
posted by dusty1215 on May 16, 2007 at 03:56 PM
1

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