Wednesday, September 19, 2012
Credit Suisse has paid 18.9 million swiss francs to the canton of Zurich (BVK) pension fund compensation to close an alleged corruption case through extrajudicial settlement. One of the main defendants is a former bank employee who allegedly manipulated share prices from a local canton between 1999 and 2003. More on Le Matin (French) Credit Suisse (CSGN:SIX) , (CS:New York) is a Global Compact participant since 2000/07/26 and thus considered as one of its Founding Fathers. The bank was a Gold Contributor to the Foundation for the Global Compact in 2010 and 2011.
Tuesday, September 18, 2012
Hindustan Zinc Ltd. among 16 other company was ordered to pay a fine for not complying with a government order asking company to purchase renewable energy quotas. More on Bloomberg. Hindustan Zinc Limited (HZ:Natl India) is a Global Compact participant since 2005/11/11.
Three former Hewlett-Packard Co. (HPQ) managers were charged in Germany in a corruption investigation over improper payments made to win a 35 million-euro ($45 million) sale of computers to Russia about nine years ago. More on Bloomberg. Hewlett-Packard (NYSE:HPQ) is a Global Compact participant since 2002/08/29. HP was a Gold Contributor to the Foundation for the Global Compact in 2009.
Sunday, September 9, 2012
Colorado health officials are ordering Suncor Energy to step up efforts to clean up contaminated groundwater moving off its refinery in Commerce City. The health department says current efforts are not working and a contaminated groundwater plume has changed direction, contaminating areas that previously had been clean. More on CBS Denver. Suncor Energy Inc. (SU:Toronto)(SU:NYSE) is a Global Compact participant since 2001/08/31. Suncor Energy was a gold contributor for the Foundation for the Global Compact in 2012 and 2011.
Talisman Energy will pay more than $62,000 in penalties for violations at 52 natural gas wells and compressor stations in Pennsylvania over the past three years. More on State Impact. Talisman Energy is a Global Compact participant since 2004/02/10. The company was a LEAD Contributor (USD $65,000 and up) in 2012, and a Gold Contributor in 2010, 2008.
Barrick Gold Corporation (NYSE:ABX) might have another problem on its hands as far as the Pascua-Lama project is concerned. The Chilean Supreme Court struck down the planned 2,100-megawatt, $5 billion Castilla thermoelectric power plant project this week, citing environmental concerns. More on Trefis. Barrick Gold was a 2008 Contributor of the Foundation for the Global Compact.
The Confederated Tribes of the Colville Reservation will get their day in court on September 10 against Teck Resources, a Canadian smelter that over the course of a century dumped slag into the Columbia River from its lead-and-zinc operations up in British Columbia. Read more on Indian Country Teck Resources (TCK) is a Global Compact participant since 2007/04/17. Teck Resources was a LEAD Contributor (USD $65,000 and up) Gold Contributor to the Foundation for the Global Compact in 2012, 2010.
Panamanian farmers in the country's rainforest regions have teamed up with environmental activists to protest the impact of Canadian mining operations on the local environment, as well as halt the construction of what is slated to be one of the world's largest copper mines by Inmet Mining (TSX:IMN). More on mining.com Inmet Corporation is a Global Compact participant since 2008/11/03.
Daniel Rogers, the manager in the bank’s centralized retail collection unit, on Wednesday became the second former Scotiabank manager in the span of a week to plead guilty to charges of bank fraud, wire fraud and money laundering. More on LoanSafe.org Scotiabank is a Global Compact participant since 2010/06/18.
Tuesday, September 4, 2012
Washington state has fined BP more than $80,000 for safety violations at the oil giant's Cherry Point refinery in Whatcom County. The Department of Labor & Industries announced Thursday that it fined BP for six violations, including a "willful violation," of workplace safety. More on Bloomberg. British Petroleum plc (NYSE:BP)(LSE:BP) (BP) is a Global Compact participant and founding father since 2000/07/26. BP Plc was also a Gold Contributor of the Foundation for the Global Compact in 2012.