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Top Twelve American Banks, Coal and Oil Companies Paid Less Taxes Than You

This great infographic shows how the dirtiest dozen American corporations are gaming the system and paying less than you in taxes.


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.

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Chevron Ordered to Pay $8.6 Billion in Amazon Pollution Case

Chevron is being ordered to pay a massive fee for pollution in Ecuador—and the amount will be doubled if the company doesn't apologize.


The background: Texaco struck oil in the Ecuadorian rainforest in 1967, and begin drilling and extracting in 1972. The company drilled until 1990, before leaving the region and turning the oil fields over to the state-owned Petroecuador, which has been operating in the area ever since.

In 1992, a group of citizens—mostly indigenous residents of the affected region—sued Texaco for damages. When Chevron acquired Texaco in 2001, it also inherited this case.

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Video: Anatomy of a Greenwash

Go behind the scenes of a spoof advertising meeting for Chevron's "We Agree" greenwashing campaign.

The Yes Men Chevron "We Agree" prank just won't quit. (And thank goodness for that!) A couple weeks ago, Funny or Die spoofed the absurd greenwashing commercials, and this week there's a new video on the site by Paul Scheer with a behind-the-scenes look at the ad agency's pitch to Chevron's marketing team. It's a hoot.

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