Marketplace has a new podcast for kids, "Million Bazillion!" EPISODE OUT NOW

Why the oil industry may be the most corrupt in the world

Scott Tong Jul 31, 2017
HTML EMBED:
COPY

Why the oil industry may be the most corrupt in the world

Scott Tong Jul 31, 2017
HTML EMBED:
COPY

Two cases of illegal payments and bribery came to light recently. One is against the oil services company Halliburton in Angola. The other involves a mining subsidiary of Glencore doing business in the Democratic Republic of Congo. With government heavily involved and centralizing many so-called extractive industries, drilling and mining are more prone to corruption than, say, farming. And the U.S., for one, is not increasing transparency requirements for oil and gas company operations doing business abroad under President Trump.

Click the audio player above to hear the full story.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.