1000 Of Leaked Emails Unveil Corruption & Bribes Within The U.S. Oil Industry - Physics-Astronomy.org

1000 Of Leaked Emails Unveil Corruption & Bribes Within The U.S. Oil Industry

An investigation undertaken by the Huffington Post & Fairfax Media has revealed the extent of corruption within one of the major U.S. oil industry companies. The account shows how a fossil fuel giant paid one more firm, Unaoil, to win oil and gas contract in Kazakhstan. The tens of thousands of leaked emails make known how Unaoil, which has offices in Monaco and the Virgin Islands, then bribed officials & influential businessmen for the rights to drill oil and gas in these nations, while too supplying bribes on behalf of extra companies such as Samsung and Rolls-Royce in countries range from Namibia to Yemen.

1000 Of Leaked Emails Unveil Corruption & Bribes Within The U.S. Oil Industry
The emails make known how the engineering and construction company KBR, which until 2007 was a part of the larger oil giant Halliburton, use another firm implicated in corruption. Now, KBR doesn’t exactly have the top reputation as allegations ranging from sexual attack to human trafficking have been laid against the firm in the past, but these new claims of corruption, if the Huffington Post is correct, could have the document trail to back them up. They relate to the company paying millions of dollars to Unaoil between 2004 and 2009 to secure oil & gas contracts on the Kashagan oil field, in Kazakhstan, one of the largest reserves exposed in decades.
The Huffington Post reports how Halliburton had been trying for years to get access to the fields, and repeatedly came up next to problems. KBR then tried another tack by paying the intermediary Unaoil, who according to the investigation take a percentage of the agreement as a fee, and then use a portion of it to pay millions in bribes. Some of these made their way to “the chairman of the board of the Kazakh state oil company’s joint scheme with Gazprom,” a man with close ties to the Kazakhstan’s dictator. From purposely misleading the public on climate change, to annoying to cover up oil spills, the murky truth about the oil business seems to be finally surfacing.
All the allegations have been denied by Hallibuton and KBR, with the former telling the Huffington Post that they “maintain an active, comprehensive Ethics & Compliance Program.” Even if the company didn’t explicitly know about the corruption and bribes being paid though, under U.S. law they could still face prosecution. The country’s anti-corruption laws state that if there are red flags, or a company suspects that an intermediary might be performing these practices, but fails to investigate then they can be charged with what the law calls “deliberate ignorance.” According to one expert, just the fact that a small company like Unaoil was based in Monaco should have been enough to pique suspicion.
It also doesn’t substance if the company in question is based outside of the U.S.; if they conduct trading or are floated on the U.S. stock exchange then they are too liable for prosecution within the states. With Hilliburton and KBR already having been charged with bribery in multiple cases, paying fines of $402 million and $177 million, and the former CEO of KBR even life form sent to prison for his role in one of these cases, the past standing of the company and their argument that they had no thought what Unaoil was up to is not looking huge.

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