Category Archives: Corporate Personhood

Trump-Connected Fossil Fuel Companies Permitted to Delay Payments of $56 Million in Pollution Fines During Pandemic

“People are struggling to find rent money for next month, but thank god the Trump administration is providing relief for the millions these poor, vulnerable corporate polluters owe.”

By Julia Conley, staff writer for Common Dreams. Published 5-27-20220

The Sherburne County (Sherco) Generating Station, a coal-fired power plant owned by Xcel Energy and located in Becker, Minnesota, shown in 2016. (Photo: Tony Webster/Flickr/cc)

Corporations with close ties to Trump administration officials are among 10 companies being permitted to delay payments of millions of dollars in fines for pollution they caused, according to The Guardian and government watchdog Accountable.US.

The companies had agreed to pay a collective total of $56 million in civil penalties for contributing to pollution in communities across the country, but they were informed in April by the Department of Justice that they can pause their payments during the pandemic. Continue reading

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‘How the Trump White House Sees You’: Top Economic Adviser Under Fire for Calling Workers ‘Human Capital Stock’

“They’ve always been indifferent to human life. And in the face of mass death, the masks are coming off.”

By Jake Johnson, staff writer for Common Dreams. Published 5-26-2020

White House economic adviser Kevin Hassett speaks to members of the press. Screenshot: C-SPAN

In a remark critics characterized as further evidence that the Trump administration views workers as nothing more than disposable tools of economic growth and corporate profit, White House economic adviser Kevin Hassett on Sunday nonchalantly referred to laid-off employees as “human capital stock” as he pushed people to return to their jobs amid the Covid-19 pandemic.

Voicing optimism about the potential for a speedy economic recovery even as U.S. unemployment surges to levels not seen since the Great Depression, Hassett told CNN Sunday that “our capital stock hasn’t been destroyed, our human capital stock is ready to get back to work, and so that there are lots of reasons to believe that we can get going way faster than we have in previous crises.” Continue reading

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Oil Companies Can Set Their Own Rates for Royalties From Drilling on Public Lands Thanks to Trump: Report

“Oil and gas corporations already pay pennies compared to what they make in profits from plundering public lands—land that belongs to the American people—and now they’ll pay even less.”

By Julia Conley, staff writer for Common Dreams. Published 5-22-2020

A drilling rig in the Uinta Basin in Utah, with the Uinta Mountains shown in the background. (Photo: WildEarth Guardians/Flickr/cc)

In a display of loyalty to what Greenpeace called “the most polluting industry in history,” the Trump administration is allowing dozens of oil and gas companies to set their own rates for royalties they’re required to pay on revenue generated from drilling on public lands.

As High Country News reported Thursday, the Bureau of Land Management (BLM) contacted its state offices the day after global oil prices plunged to below $0 per barrel as the Covid-19 pandemic caused an unprecedented drop in demand. Continue reading

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‘Ticking Time Bomb’: Corporate Lawyers Openly Discussing Suing Nations Over Profits Lost to Covid-19 Measures

“It’s so unbelievably shocking to see corporate lawyers actively discussing having foreign investors use ISDS to challenge countries over their coronavirus lockdown measures, and try to extract ‘expected future profits’ from them.”

By Jake Johnson, staff writer for Common Dreams. Published 5-20-2020

Lidia Senra speaking against ISDS in the European Parliament in February 2019. Photo: Lidia Senra/Twitter

Prominent corporate law firms representing major businesses in the United States, Italy, Spain, and other nations are openly discussing the possibility of companies using a secretive and notorious legal process to sue countries over future profits lost due to government efforts to combat the coronavirus pandemic.

On Monday, the non-profit research group Corporate Europe Observatory (CEO) documented numerous examples of high-powered corporate law firms—including Ropes & Gray, Alston & Bird, and Quinn Emanuel Urquhart & Sullivan—publicly licking their chops over the lucrative opportunity presented by the Covid-19 crisis and government attempts to fight it. Continue reading

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‘Shameful Does Not Even Begin to Describe’ Trump EPA Decision on Chemical Known to Damage Children’s Brains

“Yet another abdication of duty by those that are entrusted with protecting Americans from needless and preventable harm.”

By Julia Conley, staff writer for Common Dreams. Published 5-15-2020

The EPA signaled Thursday it will not regulate perchlorate, a chemical used in rocket fuel, in drinking water. (Photo: wonderisland/Shutterstock)

Environmental campaigners vowed to fight President Donald Trump’s EPA Thursday after the agency said it would propose that the rocket-fuel chemical perchlorate does not need to be regulated, despite its links to cognitive damage in fetal and child development.

According to the New York Times, the EPA plans to tell the Office of Management and Budget (OMB) that it is “not in the public interest” to regulate the chemical at all, a year after the agency recommended the allowable amount in drinking water be limited to 56 parts per billion (ppb). Continue reading

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American Weapons Manufacturers Are Thriving Even as the US Economy Suffers

Washington has made it a priority to radically overhaul the military in double time, designating weapons manufacturers as “essential” services during the pandemic.

By Alan Macleod.  Published 5-13-2020 by MintPress News

Photo: U.S. Air Force/Brad Fallin)

The economy has crashed. A nationwide pandemic that has (officially) claimed some 84,000 Americans has also resulted in an estimated 36 million filing for unemployment insurance and millions frequenting food banks for the first time. Yet business is booming for one unlikely industry; weapons manufacturers are busier than ever and are even advertising for tens of thousands of more workers.

Northrop Grumman announced that it was planning to hire up to 10,000 more employees this year. Airlines are being hit particularly hard, as the number of people flying on commercial planes has cratered. Raytheon, who supplies parts to civilian aircraft manufacturers, has lost a great deal of business. Yet it is still advertising 2,000 new jobs in the military wing of its business. Boeing, who endured a torrid 2019, with multiple high-profile crashes of its 737 MAX-8 airliner, is preparing to lay off ten percent of its staff as airlines predict a long and sustained drop in air travel. Nevertheless, it is looking to add hundreds of new workers in its defense, intelligence, and cybersecurity departments. Continue reading

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‘Conflicts of Interest Abound’: Progressives Sound Alarm as BlackRock Prepares to Lead the Fed’s Covid-19 Corporate Bailout Program

“We cannot afford to allow the interests of private corporations to supersede the needs of the American people and the long-term stability of our economy.”

By Jake Johnson, staff writer for Common Dreams. Published 5-11-2020

BlackRock CEO Larry Fink. Screenshot: CNBC

BlackRock, the largest asset management firm on the planet, has for years faced criticism and protests from progressives over its massive investments in fossil fuelsprivate prisons, and the arms industry—and now the financial behemoth is set to take on a leading role in the Federal Reserve’s sprawling coronavirus bailout program.

The Wall Street Journal reported Sunday that BlackRock—which manages over $7 trillion in assets—will in the coming days help the central bank funnel “money into both new and already-issued corporate bonds, assisting the Fed in its recently adopted role as lender of last resort for businesses.” Continue reading

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Pelosi Support for Corporate Lobbyist Bailout Denounced as ‘Dumbest Political Maneuver You Could Possibly Make Right Now’

“Pelosi has run the House of Representatives by fiat for close to two months, and there hasn’t been a single word of protest as she locks every other member of the Democratic caucus out of policymaking.”

By Jake Johnson, staff writer for Common Dreams. Published 5-7-2020

Photo: Gage Skidmore/flickr

House Speaker Nancy Pelosi has thrown her support behind a proposal to allow corporate lobbying groups to receive bailout money from a Covid-19 relief program meant for small businesses, a move one critic bluntly described as the “dumbest political maneuver you could possibly make right now.”

During a webinar with small business representatives on Tuesday, Pelosi said the next coronavirus relief package will include a change to the Paycheck Protection Program (PPP) that would permit 501(c)(6) organizations to receive forgivable taxpayer loans. Continue reading

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‘Lining Up at the Trough’: Federal Reserve to Offer Corporations $500 Billion No-Strings-Attached Bailout Loophole

“Big corporations have shown time and again that they will put their shareholders and executives ahead of their workers if given the choice.”

By Julia Conley, staff writer for Common Dreams. Published 4-28-2020

Through the Primary Market Corporate Credit Facility, the Fed will provide $500 billion to companies by buying bonds, but the companies will not be required to retain employees or limit executive pay. (Photo: Public Domain)

A Federal Reserve program approved by Congress and aimed at providing emergency relief to large companies contains a “catch” which will permit the corporations to lay off employees and spend the money on executive pay, according to a Washington Post report.

Through the Primary Market Corporate Credit Facility, the Fed will provide $500 billion to companies by buying bonds. The corporations will be required to pay the Fed back with interest. Continue reading

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Ex-EPA Officials Mark 50th Earth Day With Scathing Snapshot of How Trump ‘Is Hurting People and the Natural World’

“Critical public health and worker protections are being rolled back solely to maximize corporate profits.”

By Jessica Corbett, staff writer for Common Dreams. Published 4-22-2020

Demonstrators at an Earth Day 2017 event carry signs promoting science and challenging President Donald Trump’s agenda. (Photo: Takver/flickr/cc)

An organization launched in 2017 by former staffers of the U.S. Environmental Protection Agency marked the 50th annual Earth Day Wednesday by releasing a report about the efforts of President Donald Trump’s administration to gut regulations enacted under his predecessors to preserve public health and the planet.

“The actions by the Trump administration to undermine environmental and public health protections are not acceptable,” Michelle Roos, executive director of the Environmental Protection Network (EPN), said in a statement. “Fortunately, EPN members, EPA alumni with decades of expertise and experience, have volunteered their time to detail how this administration is hurting people and the natural world on which we all depend.” Continue reading

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