Thursday, September 08, 2011
8 Sept 2011
Halliburton - “Iraq possesses huge reserves of oil and gas—reserves I’d love Chevron to have access to” Kenneth Derr, Hallburton director and retired CEO of Chevron.
"And since I left Halliburton to become George Bush's vice president, I've severed all my ties with the company, gotten rid of all my financial interest. I have no financial interest in Halliburton of any kind and haven't had, now, for over three years." Dick Cheney
• Cheney conveniently did not mention that he continues to receive a deferred salary of over $150,000 while maintaining 433,333 shares of unexercised stock options. Cheney and our government denied at that time that Cheney has a “financial interest in Halliburton while holding the position of Vice President of America. Not to mention, Cheney's wild claims about weapons of mass destruction turned out to be untrue and his claim that Halliburton had no ties to Saddam Hussein was bogus.
• Cheney broke the ethics law, but both the president and vice president are exempt from the enforcement of such laws. Therefore, Cheney cannot be prosecuted for his conflict of interest or his lie.
• On his 10th day as vice president, Dick Cheney established a secret "Energy Task Force," formally known as the National Energy Policy Development Group (NEPDG), for the purpose of making recommendations to President Bush on energy policy. In formulating a new energy strategy for America
• After the formulation of the NEPDG and growing concerns of Cheney having “financial interest in Halliburton” Members of Congress demanded Cheney release the names of individuals and corporations who gave information and advice to the task force. But the vice president refused. After pressure from the General Accounting Office (GAO), the independent auditing arm of Congress, Cheney did release limited information about the task force. The GAO issued a report on the information and found several corporations and associations, including Chevron Corp. (now part of Chevron, Texaco Corp.) and the National Mining Association, gave detailed energy policy recommendations for the task force.
• Soon after Cheney came into office in January 2001 that oil industry executives and confidential UN records revealed that Halliburton held stakes in two firms -- Dresser Rand and Ingersoll-Dresser Pump -- that signed contracts to sell more than $73 million in oil production equipment and spare parts to Iraq from the first half of 1997 through the summer of 2000 -- while Cheney was chairman and CEO of the company.
• Following the end of the first Gulf War, the Pentagon, led by then Defense Secretary Dick Cheney, paid Halliburton subsidiary Brown & Root Services over $8.5 million to study the use of private military forces with American soldiers in combat zones. (Wikipedia)
Halliburton Subsidiaries: Dresser Industries; The M. W. Kellogg Co; Kellogg Brown & Root; C. F. Braun & Co
*Note: This is a small and partial list of Halliburton’s corruption concerns. For doing so, would take too many pages. There is an entire website dedicated towards the Halliburton cause for more details and information: Halliburton Watch
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