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:

Kendall Jenner’s calfskin shoes illustrate how society values animal products

Press releases often find their way into my inbox. Occasionally, they’ll centre around a new animal rights initiative or vegan product, but usually, they’re unsolicited dribble e-blasted to every unprotected news media email address available. So when news of some…

Seductive and Destructive: The Insidiousness of “Happy” Exploitation

We need to shatter and dispel once and for all the insidious myth that it is somehow possible to exploit non-human animals “humanely.”

How I Got Ill on a Vegan Diet and Why I Ended Up Listening to My Body

Let me tell you, when I made that choice, I didn’t feel good about it.