Editorial: Oil and corruption

A global industry inevitably finds itself conducting business with dubious people in unsavory places. The world has no shortage of either. The oil and gas industry, because of the large projects it conducts with national governments and the enormous wealth those projects create, attracts more than its share of characters whose only motivation is fast and easy money.It should come as no surprise, therefore, that the oil industry receives special attention in Transparency International's latest Corruption Perceptions Index (CPI), published Oct. 20 in London. TI Chairman Peter Eigen, in a statement accompanying release of his group's 10th annual index, called the payment of kickbacks...

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