We are happy to present our 2nd edition of War Profiteers' News.
In this edition, we highlight the cancellation of Halliburton's exclusive Iraq deal. At the same time we present what is happening in Cabinda where WRI affiliate Union Pacifiste from France is supporting a local campaign for the respect of human rights in Cabinda and against the pollution of the mouth of the Congo River. In this issue, we also inform about Caterpillar's shareholders meeting in Chicago, where the issue of the use of their equipment for demolishing Palestinians homes was again raised.
The Pentagon has taken an important first step by canceling the contract for Halliburton 's military logistics contract in Iraq and putting it up for open bid. Halliburton has only itself to blame for shoddy management, over-charging and thumbing its nose at military investigators.
The world's #1 military contractor, responsible for the U-2 and SR-71 spy planes, F-16, F/A-22 fighter jet, and Javelin missiles. They've also made millions through insider trading, falsifying accounts, and bribing officials.
Export Credit Agencies (ECAs) – are publicly backed government or semi-government agencies which give financial guarantees to companies operating abroad – they are the single largest source of taxpayer support for private sector companies seeking to off-load on to the public the financial risks of their business projects in the South and Eastern Europe.