Friday, Mar. 19, 2010

July 2006
Halliburton in the Hot Seat

"(A)s the number one war profiteer, Halliburton has taken U.S. taxpayers for a ride through a systemic pattern of waste, fraud and abuse."

Charlie Cray of

By the time the army discontinues a controversial reconstruction contract with Halliburton in July 2006, the energy services giant has generated more than $13 billion in Iraq-related sales — and its fair share of criticism and attacks in the process. Throughout its work in Iraq, the multinational has been the target of numerous allegations and investigations into alleged fraud, waste and over-billing. The fact that Vice President Cheney had been Halliburton's CEO from 1995-2000 only fuels the conspiracy theories that the war was primarily intended to help line the pockets of the administration's friends in big oil. In March of 2007, Halliburton invites new scrutiny when it announces that it is moving corporate headquarters to Dubai to be closer to its oil business in the Middle East.