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Monday, July 9, 2001

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  • Anti-Environmental Groups and Corporations Target Tax-Exempt Status of the Rainforest Actionnetwork Billboard

    Nearly 60 million acres of national forest are now in the crosshairs of the Bush Administration, and one of thegroups that fights to preserve them is being targeted by a trio of anti-environmental groups and companies. Thisweekend the Bush administration began looking to rollback of new forest regulations–passed in the waning days ofthe Clinton Administration. The regulations are called the Roadless Initiative, and would help to preserve thenational forests from logging and road construction. Timber giant Boise Cascade Corp., the paper industry andconservative policy rights groups are leading the charge against it.

  • Investigative Journalist Seymour Hersh On What Mobil Did to Acquire a Stake in One of Theworlds Richest Oil Fields

    This week Fortune Magazine will release its list of the 500 largest corporations in the world. Replacing GeneralMotors at the top of the list is Exxon Mobil, which merged in 1999 to form the largest oil corporation since thebreak-up of the Standard Oil Monopoly at the turn of the century. Exxon’s profits in the year 2000 were astaggering $17.7 billion, a 124% increase over the year before the merger.