The True Cost of Chevron; Mexico’s Other Crisis
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The True Cost of Chevron: An Alternative Annual Report
Antonia Juhasz, May 26th, 2009
Chevron’s 2008 annual report is a glossy celebration of the company’s most profitable year in its history. What Chevron’s annual report does not tell its shareholders is the true cost paid for those financial returns, or the global movement gaining voice and strength against the company’s abuses. This jointly-produced report documents negative impacts of Chevron’s operations around the globe, in stark contrast to the message sent by the company’s
ubiquitous “Human Energy” advertising campaign.
www.corpwatch.org/article.php?id=15358
Mexico’s Other Crisis: Foreign Banks
Kent Paterson, Special to CorpWatch, May 15th, 2009
The worldwide financial crisis is hitting people in the Global South with particular venom, and disaster profiteering is alive and well. Take Mexico. While entities like Citigroup-owned Banamex get away with charging Mexican credit account-holders usurious interest rates of up to 100 percent, Banamex itself turned nearly $1 billion in profits in 2008.
www.corpwatch.org/article.php?id=15356
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IN THE NEWS:
ENERGY:
US: Chevron annual meeting heats up over Ecuador suit
www.corpwatch.org/article.php?id=15365
US: Protesters await Chevron meeting
www.corpwatch.org/article.php?id=15363
UK: Shell faces investor fury over pay, pollution and human rights
www.corpwatch.org/article.php?id=15361
EUROPE: Greenpeace warns on Shell oil sands projects
www.corpwatch.org/article.php?id=15360
FINANCIAL CRISIS/EXECUTIVE COMPENSATION:
US: U.S. Cracks Down on Corporate Bribes
www.corpwatch.org/article.php?id=15364
US: The Greatest Swindle Ever Sold
www.corpwatch.org/article.php?id=15367
US: Activist Financier ‘Terrorizes’ Bankers in Foreclosure Fight
www.corpwatch.org/article.php?id=15366
NATURAL RESOURCES:
ECUADOR: In Ecuador, Resentment of an Oil Company Oozes
www.corpwatch.org/article.php?id=15362
RECENT CORPWATCH BLOGS:
What’s not in Chevron’s annual report
www.corpwatch.org/article.php?id=15359
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