National (U.S.)

Sec. of State Candidate Has Major Financial Stake in Canada Tar Sands

"Susan Rice, the candidate believed to be favored by President Obama to become the next Secretary of State, holds significant investments in more than a dozen Canadian oil companies and banks that would stand to benefit from expansion of the North American tar sands industry and construction of the proposed $7 billion Keystone XL pipeline. If confirmed by the Senate, one of Rice's first duties likely would be consideration, and potentially approval, of the controversial mega-project."

Source: OnEarth, 11/29/2012

"EPA Halts Federal Contracts For BP"

"The Obama administration put a temporary stop to new federal contracts with British oil company BP on Wednesday, citing the company's 'lack of business integrity' and criminal proceedings stemming from the Deepwater Horizon disaster in 2010. The action by the Environmental Protection Administration won't affect current contracts, but prevents BP and its affiliates from new government contracts 'until the company can provide sufficient evidence to EPA demonstrating that it meets federal business standards,' the agency said."

Source: AP, 11/29/2012

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