Did you know that your version of Internet Explorer is out of date?
To get the best possible experience using our website we recommend downloading one of the browsers below.

Internet Explorer 10, Firefox, Chrome, or Safari.

Bono Criticizes Oil Companies at Clinton Global Initiative

Like us on Facebook:
The current article you are reading does not reflect the views of the current editors and contributors of the new Ecorazzi

Bono spoke out against Exxon, Chevron and others for suing the SEC in an attempt to block the Dodd-Frank Rule, which requires oil, mining and gas companies to disclose payments to foreign governments.

The U2 singer spoke on a panel moderated by former President Bill Clinton on Tuesday at the annual meeting of the Clinton Global Initiative in New York City. The topic of conversation was about corporate transparency, the role of government, and the effect they have on poverty and health worldwide.

The disclosure rule, set to take effect on Sept. 30, was struck down by a federal judge in July.

“We know corruption is killing more kids than TB, AIDS and malaria put together. There is a vaccine and it’s called transparency,” said Bono.

He addressed Exxon and Chevron directly, praising their support of malaria and AIDS prevention. However, the singer was quick to point out that it was hypocritical to simultaneously offer aid on one side, while undermining anti-corruption laws on the other.

“I’m no cranky anti-corporation critic here,” he said. “I implore the people in this room, from Exxon, from Chevron… You can’t have it both ways. You can’t give alms to the poor on one level and have your hands on their throats on another.”

The European Parliament passed legislation similar to the Dodd-Frank Rule in June.

Some of the world’s poorest people live in countries that have the richest natural resources, yet they remain in poverty because of corruption.

On the topic of fighting against corruption in Africa, Bono added, “This new rising class in Africa, this entrepreneurial class, they will remember who stood with them and who stood against them.”

Bono co-founded the ONE campaign, which seeks to “end extreme poverty and preventable disease, particularly in Africa.”

Photo Credit: 360b / Shutterstock.com

Like us on Facebook:

Why we SHOULDN’T genetically ‘disenhance’ animals

Creating bandaid “solutions” to ethical problems we’ve created doesn’t address the issue at hand

What you can do if live exports disturb you

The outcry should go further than importation and should be directed at the fact that the animals in question were on their way to slaughter in the first place.

Wicked Good Opportunity

Bloomberg reports that the introduction of “vegan ranges” is at least partially responsible for improving Tesco’s finances.