Tuesday, September 13, 2005

Earth's Loss, Their Gain

From the Democracy Now website:

ExxonMobil Sees Record $10B 2nd Quarter Profits
Oil giant ExxonMobil is expecting to report profits of over $10 billion over the past quarter -- making it the most profitable single quarter for any company ever. This means ExxonMobil averaged making over 4.5 million dollars every hour for the past three months. During that same period gas prices shot up to record highs. Meanwhile the Energy Department is warning consumers in the Northeast to expect their winter heating bills to jump over 30 percent.
(Sept. 9th 2005)

Firms Connected to Ex-FEMA Head Get Contracts
The Washington Post is reporting that a number of companies with ties to the Bush White House and the former head of FEMA are clinching some of the administration's first disaster relief and reconstruction contracts in the aftermath of Hurricane Katrina. At least two major corporate clients of lobbyist Joe Allbaugh, former head of FEMA, have already been tapped to start recovery work along the battered Gulf Coast. One is Shaw Group and the other is Halliburton subsidiary Kellogg Brown and Root. Bechtel has also been selected by FEMA to provide short-term housing for people displaced by the hurricane. On Friday, Kellogg Brown & Root received $30 million in Pentagon contracts to begin rebuilding Navy bases in Louisiana and Mississippi.
(Sept. 12th 2005)


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