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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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Massey Energy Tone Deaf on the Anniversary of the Upper Big Branch Mine Explosion

One year ago today, 29 coal miners died in an explosion at a Massey Energy mine in West Virginia. It could have been prevented.


One year ago today, the worst mine explosion in 40 years tore through two miles of the Upper Big Branch mine in West Virginia. Twenty-nine Massey Energy employees were killed.

Despite the fact that the mine had a long history of safety violations (over 3,000 since 1995, and 57 in the month before the explosion alone), and widespread evidence and reporting that the explosion could have been prevented, Massey Chairman Bobby Inman said yesterday that he believed that this was a "natural disaster" that couldn't have been prevented.

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"The Last Mountain" Debuts at Sundance

"The Last Mountain" leads a small pack of environmental documentaries premiering at Sundance this week. Check out the trailer.

TreeHugger has good roundup of the rather sorry slate of environmentally-themed documentaries at Sundance this year. Not to belittle any of the films that are playing—I haven't seen any yet—but it seems that the fest is a little thin in this department compared to past years.

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On the West Virginia Coal Mining Tragedy

Our hearts go out to the families of the victims of the Upper Big Branch mine explosion in Montcoal, West Virginia. I'm far too filled up with...

Our hearts go out to the families of the victims of the Upper Big Branch mine explosion in Montcoal, West Virginia. I'm far too filled up with fury and sorrow to put together any real comment, but it seems important here to remind ourselves that these deaths were preventable.[youtube]http://www.youtube.com/watch?v=_ncinM5tWmIThis is not a place to comment on the environmental impact of coal. This tragedy is about callous corporate greed that put profit above the safety of workers. Jeff Biggers, who has been researching and covering the coal fields for ages, has a lot more to say about how greed is really "What Killed the Miners."We're still learning exactly what happened at the Upper Big Branch mine, but there are some things we do know. We do know that since 1995, there have been over 3,000 safety violations at the Upper Big Branch, which is owned by Massey Energy, and that there were 57 safety violations recorded at the mine last month. We do know that Massey Energy plead guilty to "criminal violations" back in 2006 for a fire at their Aracoma mine in West Virginia that took the lives of two miners. And we know that before that fire, Massey Energy CEO Don Blankenship responded internally to safety concerns being raised by overseeing agencies with a now-infamous internal memo that said:

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