An employee walking along a thermal pipe at the Kamojang geothermal
power plant near Garut, West Java, on March 18. State utility provider
 Perusahaan Listrik Negara is targeting an additional 135 megawatts of
electricity from three new geothermal plants. (Reuters Photo/Beawiharta)
 

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,.. etc.)
"A Summary" – Apr 2, 2011 (Kryon channeled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - (Text version)

“.. Nuclear Power Revealed

So let me tell you what else they did. They just showed you what's wrong with nuclear power. "Safe to the maximum," they said. "Our devices are strong and cannot fail." But they did. They are no match for Gaia.

It seems that for more than 20 years, every single time we sit in the chair and speak of electric power, we tell you that hundreds of thousands of tons of push/pull energy on a regular schedule is available to you. It is moon-driven, forever. It can make all of the electricity for all of the cities on your planet, no matter how much you use. There's no environmental impact at all. Use the power of the tides, the oceans, the waves in clever ways. Use them in a bigger way than any designer has ever put together yet, to power your cities. The largest cities on your planet are on the coasts, and that's where the power source is. Hydro is the answer. It's not dangerous. You've ignored it because it seems harder to engineer and it's not in a controlled environment. Yet, you've chosen to build one of the most complex and dangerous steam engines on Earth - nuclear power.

We also have indicated that all you have to do is dig down deep enough and the planet will give you heat. It's right below the surface, not too far away all the time. You'll have a Gaia steam engine that way, too. There's no danger at all and you don't have to dig that far. All you have to do is heat fluid, and there are some fluids that boil far faster than water. So we say it again and again. Maybe this will show you what's wrong with what you've been doing, and this will turn the attitudes of your science to create something so beautiful and so powerful for your grandchildren. Why do you think you were given the moon? Now you know.

This benevolent Universe gave you an astral body that allows the waters in your ocean to push and pull and push on the most regular schedule of anything you know of. Yet there you sit enjoying just looking at it instead of using it. It could be enormous, free energy forever, ready to be converted when you design the methods of capturing it. It's time. …”
Showing posts with label US. Show all posts
Showing posts with label US. Show all posts

Saturday, January 29, 2022

Bridge collapses in Pittsburgh just before Biden speech

Yahoo – AFP, Sebastian Smith, Fri, January 28, 2022

A Pittsburgh bridge collapsed hours before the arrival of US President
Joe Biden to discuss infrastructure (AFP}

A bridge collapse Friday in Pittsburgh provided a symbolic backdrop for President Joe Biden's trip to the city to tout his $1 trillion infrastructure plan -- and try rebuilding his own crumbling approval ratings. 

Pittsburgh's public safety authorities tweeted that three people were hospitalized with non-life-threatening injuries after the road bridge buckled into a snowy ravine. 

The otherwise minor accident immediately caught national attention because Biden was set to touch down in the industrial city shortly for a speech promoting his efforts to reset the post-pandemic US economy, including through the historic infrastructure spending splurge. 

Biden "has been told of the bridge collapse in Pittsburgh," Press Secretary Jen Psaki tweeted, and will "proceed with (the) trip planned for today and will stay in touch with officials on the ground about additional assistance we can provide." 

While in Pittsburgh, located in the political battleground state of Pennsylvania, Biden was to tour Mill 19. The former mill dates back to 1943 and once churned out more than a million tons of metal a year. 

Today, the site is being held up as a symbol of what the White House calls Biden's "vision to rebuild America's economy for the 21st century." Home to Carnegie Mellon University's Manufacturing Futures Institute (MFI), Mill 19 focuses on high-tech research and development. 

"The president will talk about how his bipartisan infrastructure law is already strengthening in our supply chains and critical infrastructure -- our roads, bridges, ports, airports and more -- giving us an edge in producing more in America and exporting it to the world," a White House official said. 

Biden's political woes 

For Pittsburgh's mayor, Ed Gainey, the Biden visit was welcome -- a chance to home in on the kinds of problems plaguing post-industrial cities across the country, where bridges, highways, water pipes and other basic infrastructure typically dates back multiple decades. 

"This is critical that we get this funding and we're glad to have the president coming today," he told CNN.

 

In a tough first year in office, the infrastructure bill, passed with rare cross-party Republican support, was one of Biden's biggest successes. For years, presidents had failed to get Congress to revamp the sector, with Donald Trump's repeated promises of "infrastructure week" turning into a running Washington joke. 

But Biden has faced heavy setbacks on other priorities, most recently his attempt to get new voting rights guarantees through Congress. He is also embroiled in the standoff with Russia over Ukraine. 

Despite signs of a roaring economic comeback from the Covid-19 shutdown, the recovery is proving uneven and inflation is eating into wage increases. 

As he kicks off his second year, Biden's approval ratings have slipped to around 40 percent, making him as unpopular as Trump. And things risk getting worse, with Republicans potentially poised to take over Congress in the November midterms. 

Reflecting Biden's currently dim political star power, two important Democrats from Pennsylvania -- Lieutenant Governor John Fetterman and Attorney General Josh Shapiro -- were pointedly keeping away from the presidential visit, citing scheduling conflicts. 

However, Biden has said he hopes trips like this will help relaunch his momentum, heading into the midterms. 

"I'm going to get out of this place more often," he said during a press conference last week at the White House. "I'm going to go out and talk to the public."

Sunday, March 18, 2018

Engineer warned of cracking in US bridge before deadly collapse

Yahoo – AFP, Leila MACOR, March 17, 2018

The pedestrian bridge that collapsed in Miami had only been installed over
the weekend (AFP Photo/Antoni BELCHI)

Miami (AFP) - The chief engineer of a Florida bridge project warned authorities of cracking in the structure days before it collapsed, killing at least six people, the southern US state's department of transportation said Friday.

Chief engineer Denney Pate left a voicemail on a Florida Department of Transportation employee's landline on March 13, two days before the pedestrian walkway came crashing down on the major road beneath, the department said in a statement.

The voicemail -- which was not heard until Friday because the employee it was left for was out of the office -- mentioned a problem, but did not warn that structural failure was imminent.

There was "some cracking that's been observed on the north end of the span," Pate said, according to a transcript of the call.

"Obviously some repairs or whatever will have to be done but from a safety perspective we don't see that there's any issue there," Pate said.

At least eight cars were trapped when the 950-ton (tonne) bridge suddenly gave way on Thursday, Miami-Dade Fire Rescue Division Chief Paul Estopinan said.

The walkway, which connected Florida International University to a student housing area, had been raised less than a week ago but was not expected to be operational until 2019.

Death toll could rise

Miami-Dade county police spokesman Alvaro Zabaleta told reporters that on Friday rescue operations shifted to one of body recovery, with engineers fearing the support structures at either end of the bridge could also come down.

"The entire bridge is in jeopardy," Zabaleta said.

Juan Perez, director of the Miami-Dade police department later told reporters that a team of government prosecutors was on the scene as part of the investigation, but stressed it was too soon to say whether criminal charges would be brought.

Emergency personnel searched for victims at the scene of a bridge collapse in 
Miami (AFP Photo/Miguel GUTIERREZ)

"It is important that we understand, this is a homicide investigation. That's all it is," he said. "That means that somebody died... It does not mean there (are) criminal charges looming or pending or anything like that."

The death toll meanwhile was likely to go up when authorities extracted and identified the remains of victims in vehicles trapped under the rubble, Perez said.

Ten people were taken to hospital after the bridge collapse, Zabaleta said.

Video footage showed the concrete structure suddenly crashing onto the road below.

Police detective Juan Carlos Llera said when the bridge came down, it "sounded like an explosion. A huge bang."

"It looks like a disaster area. It looks literally like a bomb went off," Llera told AFP.

Miami Fire Chief Dave Downey emphasized there was no hope of finding survivors.

Loose cables

The bridge was suspended from cables which came loose, and while they were being tightened the whole thing collapsed, Florida Senator Marco Rubio wrote on Twitter.

The university had just celebrated the walkway's construction, which bridges a busy and dangerous section of highway that students said had been the scene of accidents.

It was raised using an accelerated modular building method that enabled the bridge to go up in the space of a day.

FIGG Engineering Group, one of the partners involved in the walkway's construction, said it was "stunned" by the bridge collapse, and vowed in a statement to "fully cooperate with every appropriate authority in reviewing what happened and why."

Munilla Construction Management, which was also involved, issued a statement of condolence. Bridge collapses in the United States are rare despite rising risks associated with aging infrastructure.

The deadliest such incident this century was in Minneapolis, Minnesota in 2007, when an eight-lane bridge collapsed into the Mississippi River, killing 13 people.

Monday, January 15, 2018

Bitcoin fever hits US real estate market

Yahoo – AFP, Leila MACOR, January 14, 2018

View of a beach from a condo building in Florida, where bitcoin fever has hit
 the real estate market (AFP Photo/Jose ROMERO, RHONA WISE)

Miami (AFP) - Bitcoin fever has hit the US real estate market, especially that of Florida, offering foreign investors a way to dodge currency controls at home and US economic sanctions.

As of the end of last year, the digital currency was listed as a way to pay for some 75 properties for sale, especially in south Florida and California, according to the real estate firm Redfin.

"Bitcoin accepted" is a message now seen in the description of homes for sale in the Miami area.

One seller is going even farther, saying he will take only bitcoin (33 of them to be exact) for his half-million-dollar downtown condo in the Florida metropolis.

Bitcoin has been on a roller coaster ride of late, shooting up to nearly $20,000 a piece in mid-December and then dropping sharply around Christmas. It started the year at around $14,000.

Its use in real estate transactions is novel, and agents are wary because of its high volatility.

"I'd be blown away if a year from now we see hundreds of real estate transactions in bitcoins," said Jay Parker, Florida CEO for the Douglas Elliman brokerage agency.

Still, such transactions can be useful for foreigners who want to invest in the United States and cannot otherwise do so, said economist and bitcoin expert Charles Evans of Barry University.

"This seems to be driven by international investors who are circumventing inefficient banking and currency controls at home, and by US cryptocurrency enthusiasts," Evans told AFP.

"The governments in those countries restrict the amount of money that their residents are allowed to transfer abroad through the banking system. Bitcoin enables individuals there to bypass such restrictions," he added.

This could be a draw for investors, who even before the bitcoin rage were already hot on the real estate market in south Florida.

Nearly half of all foreign buyers of property in south Florida are from Latin America.

According to the National Association of Realtors, over the past five years, investors from Venezuela, Brazil and Argentina -- in that order -- have led purchases in this part of the state.

Money laundering?

Bitcoin offers another advantage for some foreign investors: it lets them dodge US economic sanctions.

Evans cited the example of Venezuela, which imposes strict currency controls and is enduring runaway inflation that surpassed 2,600 percent in 2017.

What is more, many senior officials in the government of Venezuela's President Nicolas Maduro have been hit by sanctions imposed by Washington, which considers his administration a dictatorship.

Evans said there is also a lot of interest in bitcoin among Iranians, whom he described as "doubly hit" with restrictions in Iran and international sanctions.

It is an open secret that money laundering fuels the real estate market in south Florida. But instead of hiding the practice, bitcoin could have the opposite effect.

The crypto currency "is a terrible medium for large-scale money laundering, because all bitcoin transactions are recorded in the publicly available transaction record known at the Blockchain," said Evans.

Although bitcoin has been associated with the drug trade and cyber attacks, Blockchain "leaves a lot of fingerprints," former Florida representative Jose Felix Diaz told Politico.

"So if you're using it for illegitimate reasons, the state and the federal government should have every tool at their disposal to go after you," Diaz said.

Last year, Diaz sponsored a bill-turned-law that includes bitcoin in Florida's laws for fighting money laundering.

Real estate agent Parker also said money laundering via bitcoin is far from posing a risk because "the beneficial owners of the real estate are always going to be able to be traced."

Parker said the fad of doing real estate deals in bitcoin could be as volatile as the currency itself.

"I think it's a gimmick. There's not much risk. The only risk is if the currency crashes before you can liquidate it," said Parker.

"I think the people that are using bitcoins to try to market their properties are doing it with the very purpose of getting you to write about it, getting their properties exposure," said Parker.

Tuesday, June 27, 2017

US firm stops sales of Grenfell Tower cladding for high-rises

Yahoo – AFP, June 26, 2017

The June 14 inferno at Grenfell Tower, a residential block in west London, left
79 people presumed dead after the fire spread rapidly up its 24 storeys (AFP
Photo/Niklas HALLE'N)

London (AFP) - The US supplier of the cladding which encased London's Grenfell Tower before it was destroyed by a devastating fire announced Monday it was stopping sales of the material for high-rise buildings.

"Arconic is discontinuing global sales of Reynobond PE for use in high-rise applications," a company spokesman told AFP.

The firm put the decision down to "issues that have arisen in the wake of the Grenfell Tower tragedy" and differences in building regulations around the world.

The June 14 inferno left 79 people presumed dead after the fire spread rapidly up the 24-storey residential block in west London.

As emergency services continue to search through the ashes of the gutted building, suspicion has fallen on the recently installed cladding with allegations it may have contributed to the ferocity of the blaze.

The Arconic spokesman said the company "will continue to fully support the authorities as they investigate this tragedy".

Sales of the Reynobond PE cladding for use in low-rise buildings will continue.

An estimated 600 tower blocks in England believed to have similar cladding to that used at Grenfell are currently going through tests.

Samples taken from 75 high-rises tested so far have all failed safety tests, communities minister Sajid Javid said on Monday.

"We have witnessed a catastrophic failure," he told MPs, lamenting the slow speed at which samples were being submitted for tests.

Buildings which have already undergone safety checks include four tower blocks in north London which were evacuated on Saturday, with Javid saying inspectors discovered 1,000 fire doors were missing.

The minister also warned unsafe cladding "may not be a problem unique to social housing or tall buildings".

All hospitals have been asked to conduct additional checks and 15 government buildings "require further investigation", he said without giving further details.

Child identified by teeth

As work continues to prevent a repeat of the Grenfell Tower blaze, a London coroner's court heard how a five-year-old victim choked to death on fumes as he tried to escape.

The boy had to be identified by dental records after his body was found on the 13th floor, five levels lower than his home as he family tried to flee.

"It can't really be explained in enough detail how complex an investigation this is in terms of identification and in terms of recovery of bodies on a dangerous site that my team are not allowed to enter because the building is being shored up," Westminster coroner Fiona Wilcox told the court.

So far 18 people have been identified including Khadija Saye, a 24-year-old photographer who had exhibited at the Venice Biennale and lived on the 20th floor.

Saye was discovered on a hallway in the ninth floor and is believed to have died from fumes and burns.

Her mother Mary Mendy, 52, was identified by dental records after being found on the 13th storey. Her sister Betty Jackson said she will "be missed for a lifetime".

"My beloved sister, words can never describe the pain of losing you. I can't believe you are gone," she said in a statement published through London's Metropolitan Police.

Related Article:


Thursday, March 23, 2017

ING reaches deal to sell loan to controversial US pipeline project

DutchNews, March 22, 2017

ING has reached an agreement on the sale of its controversial loan to the Dakota Access pipeline in the US. 

The construction has prompted violent clashes between the army and the Standing Rock Sioux Tribe who say construction of the pipeline through northern Dakota could affect its drinking water supply and put communities ‘at risk of contamination by crude oil leaks and spills.’

‘The sale follows a constructive dialogue between ING and representatives from the Standing Rock Sioux Tribe and has the full support of the tribe,’ ING said in a statement. 

ING officials met tribal leaders on February 10, during which ING said it was ‘willing to either continue trying to positively influence the course of the project, or to distance ourselves by selling our stake in the loan,’ the statement said.

‘In response, the Standing Rock Sioux Tribe indicated it would appreciate ING selling its loan in the project, considering that there is less room for lenders to positively influence the project now that construction has resumed, and because it would be a valuable message supporting its call for respectful dialogue.’ 

Under the terms of the sale, which is expected to close shortly, ING will retain a potential risk in case of non-payment under the loan. 

ING was one of 17 banks backing the project to the tune of $2.5bn. ING’s share amounted to some $120m. 

ABN Amro

ABN Amro said in February it is prepared to stop financing one of the companies involved in building the pipeline if an acceptable solution to the problem is not found. 

ABN Amro it is not directly funding the project but has a ‘relationship’ with one of the major investors, Energy Transfer Equity. The bank that if a solution is not found ‘the ultimate consequence will be discontinuation of the relationship’. 

In the meantime, ABN Amro said it will not pursue any new business with ETE until ‘there is clarity regarding the situation and an acceptable outcome has been achieved’.

Related Articles:


Tuesday, February 7, 2017

BayernLB under pressure over Dakota pipeline investment

Bavaria's state bank is set to invest about $120 million in the Dakota Access Pipeline, which threatens a Native American reservation and drinking water. Other banks have already sold their stake.

Deutsche Welle, 6 February 2017


There aren't many members of the Sioux tribe living in Bavaria but, thanks to the tentacles of international finance, the protests against the Dakota Access Pipeline (DAPL) being built near the US's Standing Rock Indian Reservation have reached the state capital, Munich.

Last week, protesters from an alliance of NGOs arrived on the doorsteps of the BayernLB bank to deliver more than 700,000 signatures collected via worldwide petitions against the investments of 17 financial institutions into DAPL. These included more than 220,000 signatures specifically aimed at BayernLB's contribution that had been collected in a few days. By Monday 6, the online petition had reached close to 300,000 signatures.

Despite an invitation from the environmental campaigners Urgewald, Bavaria's state bank declined to send any representatives outside the building to receive the petition. "But we were allowed to go in with a delegation of three people, and we gave the petition to the press spokesman," said Regine Richter, banking specialist at Urgewald.

The bank itself is unwilling to give interviews on the subject and in response to DW's request would only send the public statement it issued in December, which made many conciliatory noises. "BayernLB is following the running discussions about the route of the pipeline very carefully and, as part of the consortium financing the pipeline, supports an amicable result of the discussions between the parties," it read.


Wait and see

BayernLB said it was waiting on a report from the US law firm Foley Hoag that was commissioned in December to look into how the local indigenous people had been consulted for the project. That report is due out later this month, but it may come too late. In January, US President Donald Trump signed an executive order decreeing that the environmental review for the project be fast-tracked.

"Nobody is really sure that means, but we are concerned that DAPL could get the green light any day now," Nick Pelosi, corporate engagement director for the campaign group First Peoples Worldwide, told DW. "It's such an urgent matter at this point that we really don't have time."

Not only that: The study is being conducted behind closed doors and may be no more than a desktop assessment. "From what we understand, it is a study on tribal consultation, which is the crux of this issue - that the tribe was not consulted properly about this pipeline," Pelosi said. "But nobody's reached out to the tribe, so it's essentially a study on consultation without any consultation."

The 17 banks insist that the loans for DAPL - amounting to $2.5 billion (2.3 billion euros) - are now legally committed. "But some have shown concern and that they are willing to exert the limited influence that they have," Pelosi said.

"I definitely think they're feeling the pressure," he said. "But what the tribe is asking is not necessarily for the banks to pull out, but to use their influence as project lenders to pressure the company into rerouting to avoid their treaty territory."

The banks say that influence appears to be very limited indeed: They argue that they can't impose new conditions on the loans and that it isn't their role to determine the route. "Which is true - it's the US government's responsibility - but we're asking them to support the reroute, not dictate it," Pelosi said.

Dozens of protesters have been arrested
at the Standing Rock reservation
Passive bank

Compared with other banks, BayernLB has been particularly recalcitrant. "BayernLB was one of the few that outright rejected our request for dialogue," said Pelosi.

"BayernLB is being much too passive," Richter said. "Banks like the Dutch ING and the Norwegian DNB are at least expressing public criticism of the pipeline consortium's behavior or are selling stakes in the companies involved."

Meanwhile in Germany, BayernLB's involvement in the project (a $120 million contribution to DAPL) has raised some political hackles - firstly because it is partly owned by the state, and secondly because it received a colossal taxpayer-funded 10 billion-euro ($9.3 billion) bailout during Europe's financial crisis in 2008.

"BayernLB should not be allowed to support the dirty business of climate denier Donald Trump," said Anton Hofreiter, the Greens' parliamentary leader and a native of Bavaria. "This project destroys the environment, is a risk for the drinking water from the Missouri River and, at the same time, desecrates the Native Americans' cultural heritage."

Hofreiter, along with other German politicians, is sure that BayernLB's commitment to the project could be reversed by Bavaria's state government. "I'm sure it's possible," Frank Schwabe, Bundestag member for the Social Democrats, told DW. "The bank has oversight committees, and there is political influence on that, so it would be good if the politicians in Bavaria would take a clear position on it. We're discussing the issue of company and bank responsibility more and more, and I think that a state bank in particular needs to stick to that."

Related Articles:



Thursday, January 26, 2017

ING, ABN Amro under renewed pressure over Dakota pipeline

DutchNews, January 25, 2017    

Dutch banks ING and ABN Amro are under renewed pressure about their roles in a controversial pipeline in the US, now president Donald Trump has vowed to press ahead with the project, broadcaster NOS said on Wednesday. 

The construction has prompted violent clashes between the army and the Standing Rock Sioux Tribe who say construction of the pipeline through northern Dakota could affect its drinking water supply and put communities ‘at risk of contamination by crude oil leaks and spills.’

ING issued an updated statement on Thursday afternoon saying that it has publicly expressed its concerns about the project.

‘We have signed a contract, which is legally impossible to withdraw from,’ the bank said.  ‘What we can do is use our influence wherever possible to bring the process to a satisfactory outcome for all parties involved. 

The lenders to the pipeline have commissioned additional research to be conducted by an external independent human rights expert and will continue to monitor developments closely, ING said. 

In addition, the bank says it will meet members of the Standing Rock Sioux Tribe in mid February. 

Loans

According to fair banking campaign group Eerlijke Bankwijzer, ING has pumped the equivalent of €233m into the project in direct loans while ABN Amro has lent $45m to companies which are involved with the project. 

ABN Amro stressed earlier that it is not directly funding the project but has a ‘relationship’ with one of the major investors, Energy Transfer Equity.

‘In line with ABN Amro’s policy for sustainable banking, the bank continuously consults with Energy Transfer Equity on developments regarding the Dakota access pipeline, the bank said.

Related Articles:


Friday, December 23, 2016

Brazil's Odebrecht, Braskem pay record fine in bribery case

Yahoo – AFP, Heather Scott, with Sebastian Smith in Rio de Janeiro, December 22, 2016
Brazilian construction company Odebrecht pled guilty to paying hundreds of
millions to bribe government officials in countries on three continents (AFP
Photo/YASUYOSHI CHIBA)

Washington (AFP) - Scandal-plagued Brazilian construction giant Odebrecht and petrochemical affiliate Braskem have agreed to pay a record $3.5 billion to settle a vast international bribery case, US officials said.

Odebrecht, a key player in the Petrobras corruption scandal gripping Brazil, agreed to a fine of $4.5 billion but said it was only able to pay $2.6 billion, the US Justice Department said in a statement. Braskem, meanwhile, will pay $957 million.

The fines are to be paid to Brazilian, Swiss and US authorities, the department said, calling it "the largest-ever global foreign bribery resolution."

It is the latest in a string of terrible headlines for Odebrecht, which Brazilian investigators say was one of the ringleaders of a scheme to plunder billions of dollars from state oil company Petrobras.

Revelation of the scandal has rocked Brazil's political and business establishment to its foundations, with ex-president Luiz Inacio Lula da Silva facing trial and current President Michel Temer reportedly under suspicion.

The bribery case settled Wednesday includes the Petrobras allegations, but is even bigger.

The Odebrecht conglomerate pleaded guilty to bribing government officials and political parties to the tune of $788 million to secure business on three continents -- mostly in Brazil, but also 11 other countries in Latin America and Africa.

"Odebrecht and Braskem used a hidden but fully functioning Odebrecht business unit -- a 'Department of Bribery,' so to speak -- that systematically paid hundreds of millions of dollars to corrupt government officials in countries on three continents," US Deputy Assistant Attorney General Sung-Hee Suh said in a statement.

"Such brazen wrongdoing calls for a strong response from law enforcement, and through a strong effort with our colleagues in Brazil and Switzerland, we have seen just that."

Political fallout

In the main scheme, Odebrecht targeted top Brazilian politicians and executives at Petrobras for more than a decade starting in about 2001. The bribes were used to secure inflated contracts and even get favorable legislation passed in Congress.

Suh praised Brazil's judiciary for tackling the issue head on.

"I cannot praise their efforts enough. They have been under enormous pressure, done an extraordinary job of initiating the investigation and carrying it through," she said.

The Brazilian probe, known by its codename Operation Carwash, has cast dark shadows over two of Brazil's most important companies, Petrobras and Odebrecht, adding to economic pain as the country flounders in deep recession.

Odebrecht's jailed boss Marcelo Odebrecht and 76 other current and former executives have signed plea deals agreeing to tell all in exchange for lighter sentences.

The Brazilian press has described the deal as potentially apocalyptic for the political establishment.

Panama, meanwhile, said it would request information from the United States about alleged Odebrecht bribes paid in Panama to secure contracts, its foreign ministry said.

Shattered record

The previous record bribery settlement was $1.6 billion for German engineering group Siemens in 2008. It settled charges of systematically using bribes and slush funds to land public works contracts around the world.

Margarida Gutierrez, an economist at the Federal University of Rio de Janeiro, told AFP that this settlement, Odebrecht's newest move to come clean, would open the door for its return to the market.

"Right now they are unable to participate in any bids in Brazil or probably out of Brazil," she said. "Now they can start again, and try to clear their name. They will succeed but it will be hard."

The US Justice Department will conduct an "inability to pay analysis" by March 31 to determine the final amount that Odebrecht must come up with. Sentencing has been scheduled for April 17.

Under the plea agreement, Brazil will receive 80 percent of Odebrecht's fines, while the United States and Switzerland will garner 10 percent each.

Braskem, which is traded on the New York Stock Exchange through American Depositary Receipts (ADR), saw its shares soar after the deal was announced, closing up four percent.

It will pay a criminal fine of $632 million, and another $325 million penalty to the US Securities and Exchange Commission.

Under the Braskem deal, Brazil will receive 70 percent of the fines, while US and Swiss authorities receive 15 percent. Sentencing for the firm has not yet been scheduled.

Tuesday, November 29, 2016

ING, ABN Amro urged to pull out of controversial US pipeline project

DutchNews, November 28, 2016

Amsterdam’s Zuidas business
district. Photo: DutchNews.nl
Dutch banks ING and ABN Amro are being urged to end their investment in a controversial oil pipeline project in the US. 

The construction has prompted violent clashes between the army and the Standing Rock Sioux Tribe who say construction of the pipeline through northern Dakota could affect its drinking water supply and put communities ‘at risk of contamination by crude oil leaks and spills.’ 

They also say the pipeline will threaten the environment and destroy Native American burial sites, prayer sites and culturally significant artifacts, CNN reported. 

According to fair banking campaign group Eerlijke Bankwijzer, ING has pumped the equivalent of €233m into the project in direct loans. ABN Amro has lent $45m to companies which are involved with the project. 

ING said in a statement it is concerned about what is going on and is investigating further. However, withdrawing from the project is not an option legally, news agency ANP quotes the bank as saying. 

ABN Amro points out it is not one of the 17 banks actively funding the pipeline and says it is in ‘continuous contact’ with the companies it has backed. This includes ‘explicitly’ ensuring that its concerns about the project are known, ANP said. 


Native Americans ride with raised fists to a sacred burial ground that was
disturbed by bulldozers building the Dakota Access Pipeline (DAPL),
September 4, 2016 near Cannon Ball, North Dakota (AFP Photo/Robyn Beck)

Related Article:


US judge won't halt pipeline opposed by Native Americans


Members of the Standing Rock Sioux Tribe confront bulldozers working on the
Dakota Access Pipeline in an effort to make them stop near Cannon Ball, North
Dakota on September 03, 2016 (AFP Photo/Robyn Beck)



Tuesday, September 6, 2016

Violence erupts as Native Americans resist oil pipeline

Yahoo – AFP, Nova Safo, September 5, 2016

Native Americans ride with raised fists to a sacred burial ground that was
disturbed by bulldozers building the Dakota Access Pipeline (DAPL),
September 4, 2016 near Cannon Ball, North Dakota (AFP Photo/Robyn Beck)

Cannon Ball (United States) (AFP) - Protesters camping near Native American lands in North Dakota to protest the construction of an oil pipeline clashed late Saturday with construction company workers they blamed for destroying ancient sites.

Hundreds of protesters confronted a bulldozer crew in an area known as Cannon Ball, amid the vast grasslands of the northern US state.

The Standing Rock Sioux Tribe claims the crew dug up and destroyed sacred burial grounds, places of prayer and other cultural artefacts -- even after the pipeline developer had voluntarily paused construction in the disputed area less than a mile (1.6 kilometer) from the tribe's reservation.

Angry protesters broke through a fence and fought with private security guards, who employed dogs and pepper spray.

"They tried to push us back with their trucks and their bulldozers, but we just kept on coming," Seeyouma Nashcid, a protester from Arizona, told AFP.

Some protesters were left bloodied, and displayed signs of dog bites. The Morton County Sherriff's department said three private security guards were injured after being struck with fence posts and flag poles.

The tribe, whose reservation is located just south of where the 1,200-mile (1,900-kilometer) pipeline would cross the Missouri River, has been locked in a court battle to stop the project, which it says would endanger its drinking water and destroy historic sites.

Members of American Indian tribes from across the United States have rallied in support, gathering for months in a makeshift camp near the reservation.

On Saturday, protesters were suddenly alerted to renewed digging, a day after the tribe filed evidence in court of dozens of newly discovered artefacts, grave markers and sacred sites.

Native Americans march to the site of a sacred burial ground that was disturbed
 by bulldozers building the Dakota Access oil pipeline near Cannon Ball, North 
Dakota on September 4, 2016 (AFP Photo/Robyn Beck)

The tribe said in a statement that a two-mile stretch was destroyed before the bulldozer crew was confronted and stopped.

"This demolition is devastating," Standing Rock Sioux Tribe chairman David Archambault said in a statement. "These grounds are the resting places of our ancestors. The ancient cairns and stone prayer rings there cannot be replaced."

Witnesses said law enforcement officers were nearby during Saturday's clashes but did not immediately intervene. But sheriff's spokeswoman Donnell Preskey said deputies "were not on the scene when the conflict initially occurred," and arrived later.

The sheriff's office was notified of the situation by an emergency call from a private security officer.

Citing the safety and security of law enforcement, Morton County Sheriff Kyle Kirchmeier said that the number of protesters made it "unsafe for officers to directly respond until further officers were able to respond."

A federal judge is expected to decide by September 9 whether to grant a temporary injunction to stop the pipeline construction under the river, as the tribe pursues its lawsuit.

The pipeline's US developer Energy Transfer Partners did not return a call for comment placed during a holiday weekend.


Members of the Standing Rock Sioux Tribe confront bulldozers working on the 
Dakota Access Pipeline in an effort to make them stop near Cannon Ball, North 
Dakota on September 03, 2016 (AFP Photo/Robyn Beck)

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