International

"Rush to Use Crops as Fuel Raises Food Prices and Hunger Fears"

"Each year, an ever larger portion of the world’s crops — cassava and corn, sugar and palm oil — is being diverted for biofuels as developed countries pass laws mandating greater use of nonfossil fuels and as emerging powerhouses like China seek new sources of energy to keep their cars and industries running."

Source: NY Times, 04/07/2011

Transocean Execs Give Up Fraction of Their Bonuses

Five top executives at Transocean, the company that owned the Deepwater Horizon drilling rig that exploded and sank in the Gulf of Mexico, gave up some $250,000 of the $898,282 in bonuses they received this month. The firm had been criticized for claiming a "best year" in safety of operations after 11 people died on the rig. One quarter of the bonus amount was explicitly tied to safety.

Source: Houston Chronicle, 04/06/2011

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