Sudden Wealth Curse
Russian President Vladimir Putin, center, and the Netherland's Prime Minister Jan Peter Balkenende, left, enter a hall for a signing of documents ceremony in the Moscow Kremlin, Tuesday, Nov. 6, 2007, with Dutch gas company Nederlandse Gasunie NV President Marcel Kramer, right, in the background. Russian and Dutch officials signed an agreement Tuesday to include Dutch gas giant Nederlandse Gasunie NV in the Baltic Sea pipeline designed to bypass several European countries and ship Russian gas directly to Germany.
Arrogant and ignorant oversight boards, courts and governments that have no clue for coherence, responsible development or proper governance... public nor private, due to the structural and endemic public-private partnership doctrine -P3- of communication chimera and information terror sustained by the parliamentary deficit of modern democratic wrongdoing.
"Lasts fall, Bentley College management professor Tony Buono taught a class on corporate candals with colleagues pitching in from finance, accounting and even the philosophy department. The four picked through the cases of Enron, WorldCom, Tyco and Shell.
"At the end of the semester, the number of students in a simulated trading room who were caught in misconduct or misusing information for insider trading was significantly higher than at the beginning. The students said, 'You taught us how to do it,' Buono recalled."
A fascinating and thought-provoking story from this report that really sums up some of the questions about whether ethics can be taught.
Ethics is very much about character. As this piece points out, the question is whether character is the missing part of the equation in the ethics classroom.
Yes, but it's just a start. What's really missing from all the focus on ethics is morality. Ethics is about rules and codes of behavior. Morality is about a higher focus that goes beyond self-interest. It's something I have blogged on here.
Everyone talks about creating ethical organisations. We would be better off building moral ones instead.
STAVANGER, NORWAY: Oil leaked from one of the shafts of the Statfjord A platform in the North Sea in a situation which StatoilHydro described as "serious and confused." There were 217 people on board when the leak occurred. Of these, 156 were transported to the neighbouring Statfjord B and C platforms. Read More
SEOUL, SOUTH KOREA: Woodside Petroleum and Korea National Oil Corp. (KNOC) have contracted CGGVeritas to conduct a 2D seismic survey in South Korea's offshore Ulleung Basin next month. CGGVeritas vessel Duke is set to arrive in South Korean waters within the next few days. The survey will take place at water depths between 1,000 metres and Read More
ABERDEEN, UK: Subsea 7 has acquired pipelay and construction vessel Skandi Navica for US$62 million from DOF Rederi. At the time it was built in 1999, a purchase agreement order was struck between the pair and Subsea 7 started an eight year charter of the vessel. Now under Subsea 7 ownership, the ship will be renamed Seven Navica. Read More
COPENHAGEN, DENMARK: The development of the Danish Nini East field has been sanctioned by all the license partners and contracts for construction have been issued. The DONG operated Nini East field has estimated oil reserves of approximately 17 million barrels. Read More
TOWNSVILLE, AUSTRALIA: The Queensland state government is funding one of the country's first algae-to-biodiesel projects. Premier Anna Bligh today unveiled a A$166,000 (US$159,154) grant to James Cook University (JCU) and Australia's MBD Biodiesel Ltd. on a new process that was tested in Europe and the United States. In addition to Read More
LEEDS, UK: A process used to roast coffee beans could give Britain's biomass a power boost, increasing the energy content of some of the UK's leading energy crops by up to 20 percent. The study, carried out by engineers from the University of Leeds, examined the combustion behaviour of crops grown specifically for energy creation when put Read More
VANCOUVER, CANADA: Western Wind is in talks with major U.S. institutions regarding self-financing initiatives whereby its 120 MW Windstar Project will produce US$1.7 billion in revenue directly over 30 years. Read More
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