Oil and Gas Industry Leads Global Corruption Index: US More Corrupt than Qatar

[Ichingcarpenter]

Oil and Gas Industry Leads Global Corruption Index: US More Corrupt than Qatar



A corruption index published by Transparency International, based on 13 surveys globally, finds that the oil and gas industry and mining are the industries that account for most global corruption. The evaluations were performed by business leaders in each country, including the Corruption Perceptions Index, the Bribe Payers Index and the Global Corruption Barometer, and looked at bribery and “state capture” or the degree to which a country’s laws have been impacted by the influence of companies.

At number 22 out of 178 countries, with a rating of 7.1, the US was rated below virtually every European country, as well as Canada, Australia and New Zealand. It even rated a little below Hong Kong, Chile and Qatar.
But the US rates much better than Somalia, the worst-rated country, at 1.1, followed by Afghanistan and Iraq at 1.4 and 1.5.
Bribery was one of the two key indices of corruption the study looked at, but the bribery count included only foreign payments to public officials.

Companies in oil and gas; heavy manufacturing and mining were seen to bribe officials most frequently, along with those in public works contracts and construction and real estate and property development.
The second sectoral ranking evaluated the likelihood of companies from the 19 sectors to engage in “state capture”, whereby parties attempt to wield undue influence on government rules, regulations and decision-making through private payments to public officials.




Source: Clean Technica (http://s.tt/12tsz)

[nc4bo]

1. Wow MOST corrupt? Bribery, lobbying, subsidies and tax breaks

They have friends in ultra high places and seem to have general immunity no matter what they do.

We're all so much worse for it.

[izquierdista]

2. I'm sure it will be better next year

After these industries spend a little more on public relations.