Wednesday, September 30, 2015

Trafigura, Purveyor of Toxic Wate, Also Threatens Global Commodity Markets



ZeroHedge has a very interesting and important article about Trafigura that I strongly recommend reading:
Tyler Durden, “Forget Glencore: This Is The Real "Systemic Risk" Among The Commodity Traders,” Zero Hedge, September 29, 2015. Accessed September 29, 2015. Available: http://www.zerohedge.com/news/2015-09-29/forget-glencore-real-systemic-risk-among-commodity-traders

According to this account, Trafigura is in potential trouble. The corporation is privately held but does have publicly held bonds, which just "tanked," according to ZeroHedge.

Trafigura is one of those truly evil corporations. Look at the links I posted at the bottom of this email to see the evidence.

Trafigura is deeply linked to Glencore as well, as explained by ZeroHedge:
Trafigura was formed in 1993 by Claude Dauphin and Eric de Turckheim when It split off from a group of companies managed by Marc Rich, aka "the king of oil" in 1993. Who is March Rich? Why the founder of Glencore of course who as a reminder, was indicted in 1983 on 65 criminal counts including income tax evasion, wire fraud, racketeering, and trading with Iran during the oil embargo.
Upon learning his prison sentence may be as long as 300 years, Rich promptly fled to Switzerland; he was so afraid of US authorities, he even skipped his daughter's funeral in 1996. Marc Rich got a presidential pardon from Bill Clinton in a decision which was blessed by the kingpin of corruption, former DOJ head Eric Holder.  Clinton himself later expressed regret for issuing the pardon, saying that "it wasn't worth the damage to my reputation."


 Trafigura is another player in the global commodities bubble that is popping 

Who knows what types of underhanded deals were made by the company that will now come back to haunt the global economy given the company's proven history of dumping toxic waste:



www.greenpeace.org › ... › Campaign reports › Toxics
Greenpeace
Sep 25, 2012 - That company was Trafigura. Trafigura made the toxic waste on board the Probo Koala. Trafigura knew the waste would be dangerous and ...
www.bbc.com/.../world-africa-1073525...
British Broadcasting Corporation
Jul 23, 2010 - A Dutch court finds multinational firm Trafigura guilty of illegally exporting toxic waste from the Dutch port of Amsterdam to Ivory Coast.
www.theguardian.com › Environment › Pollution
The Guardian
Sep 25, 2012 - More than six years after the dumping of large quantities of toxic waste in the Ivory Coast, there is still nothing to stop a similar disaster in ...
www.statecrime.org/testimonyproject/ivorycoast
The trucks were loaded with toxic waste produced by the multinational, Trafigura. During the night and early morning the hazardous materials were dumped at ...
business-humanrights.org/en/trafigura-lawsuits-re-côte-d’ivoire
Lawsuits against Trafigura over alleged dumping of toxic waste in Abidjan, Côte d�Ivoire (Ivory Coast).
www.nytimes.com/.../trafigura-to-pay-fine-for-exp...
The New York Times
Nov 17, 2012 - In an out-of-court settlement, the commodity trader Trafigura will pay $1.7 million in fines for illegally exporting toxic waste to Ivory Coast, Dutch ...
www.facing-finance.org/.../trafigura-dumping-toxic-waste-in-ivory-coast...
Trafigura: Dumping toxic waste in Ivory Coast. One of Trafigura´s most infamous controversies involved an environmental scandal in Ivory Coast. In 2006 ...
www.planetexperts.com/abidjan-the-biggest-toxic-waste-scandal-youve-...
Mar 29, 2015 - 2006: Trafigura Dumps Its Toxic Slops. Back in 2006, the freighter Probo Koala was looking for a place to dump its waste. The ship itself had a ...
www.voanews.com/content/toxic-waste.../1515095.htm...
Voice of America
Sep 26, 2012 - Harjono said toxic waste was created on the ship because the company, Trafigura ran out of land options. They then tried to dispose of the ...

3 comments:

  1. We have the same bad actors, but a less resilient environment taking in far more dangerous substances. So ancient habits of carelessness and ignorance have acquired a far more lethal consequence. And we might guess that CEO's for these corporations have even been chosen for their base qualities and reckless disregard of the rights and needs of others. I tend to see the future as a toxic nightmare, because no kind of warning has any real effect. Japan and its nuclear power seem the perfect example. It is painful for me now to even think about the Pacific Ocean.

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    1. Very well said.

      the recent revelations about San Onofre Nuclear Generator solidify these concerns. http://www.nbcsandiego.com/news/local/Documents-Detail-How-Nuclear-Material-Was-Handled-at-San-Onofre-328292351.html

      How much time left?

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  2. I really like the idea for lucas and grant research new website caferadlab. I am so tired of people going off on tangents and being so full of themselves.

    Pardon me for repeating myself. Costa rica refuses to have a standing military and has some of the best health care in the world. It is also non-nuclear.

    Germany is shifting to non nuclear because of the devastation they have known from chernobyl. German has a strong green party that is anti nuclear. Nuclear waste, nuclear bombs, nuclear power is all so criminal and rotten.

    The people in power in nuclear countries and their middle classes are enamored with themselves . There are not socialists and capitalists or republicans and democrats in my mind. There are really only nuclear and non nuclear nations in the world at this point in human history.

    Have a gander at the money driven nations with poor ethics and criminal a basically criminal mentality that are nuclear. Abidjan is part of that criminal web. Nuclear nations are criminals and so are their corporations. The euphemistic waste management corporations that export nuclear their waste all over the world or bury it in your proud back yard.

    It is ironic that nuclear power is so uneconomical. States with nuclear power and weaponas are driving themselves bankrupt.

    The blatantly military driven nuclear nations use nuclear power as a cover to build more nuclear weapons. Nuclear nations poison their citizens. They kill their children. They kill their posterterity . Their citizenry are so full of themselves and proud of their jingo patriorism thy do not care about their childre or posterity. It is all about the moment. Its about republican versus democrat and not the real issue of certain misery and death from nuclear.

    There are the supposed anti government people. Those supposedly mentally liberated people and free thinkers who are so fed up with the system. Those same free thinkers floating bs disinformation theories because they are so free and because they can. Even among the supoosed antinuclear people. What a horrible cosmic joke on human inanity and narcissim.

    It is all about nuclear nations and non nuclear nations and that is quite frankly it now.

    All nuclear nations are all headed for the same fate as Japan and the Ukraine. They are one nuclear accident awy from becoming anarchic mince meat like the ukraine or the walking dead like japan.

    Then there are places like kazakstan and belurus that are so saturated with nuclear waste they are dead.

    ReplyDelete