It may feel like the Deepwater Horizon accident and ensuing spill happened a long time ago, but the impactswill be long-lasting and the legal fight is far from over. The government's position has been clear: Early on, a White House commission called the event "entirely preventable."
If everyone in New York took one or two bites of otoro—the prized belly cut of bluefin tuna—it would probably be enough to wipe the species out of the Atlantic, bringing the prospect of peak tuna one step closer to reality. Making matters worse, bluefin tuna breed in the Gulf of Mexico, and, in addition to the uncertain but undoubtedly harmful consequences of last year's oil spill, they're being caught accidentally by longliners fishing for your canned light tuna (yellowfin) and swordfish.
Yesterday, along with hundreds of millions of Americans, you likely settled up your taxes formally with the IRS. Incredibly, most of the biggest and most profitable finance and energy companies in the country are paying far less than their fair share. Last, month, Alex wrote about the most startling—and highest profile—incident involving GE, the country's largest corporation.
The Rainforest Action Network reviewed the nation's top four banks, oil and coal companies, and "found that all of them are gaming the system." RAN put out a great infographic that shows just how egregiously the companies are ducking their tax responsibilities. The companies studied: Bank of America, Citi, JPMorgan, Wells Fargo, Chevron, BP, Shell, Exxon, Massey Energy, Alpha Natural Resources, Peabody Energy and Arch Coal. The graphic is pretty cluttered (click through to see the original, larger version), but it's worth examining to see how some of the biggest corporations in the country avoid paying taxes.