Crude Intentions
How Oil Corruption Contaminates the World
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Estimated delivery time: In stock at the publisher, but not at Prospero's office. Delivery time approx. 3-5 weeks.
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Product details:
- Publisher OUP USA
- Date of Publication 9 April 2020
- ISBN 9780190940706
- Binding Hardback
- No. of pages312 pages
- Size 165x239x33 mm
- Weight 544 g
- Language English 0
Categories
Short description:
Billions of dollars stolen from citizens are circling the globe, enriching powerful individuals, altering political outcomes, and disadvantaging everyday people. Where does one begin to fight corruption of this magnitude? To find answers, Crude Intentions examines the corruption crisis that erupted during the recent oil boom. Telling stories drawn from around the world, the book reveals how company bosses signed off on risky schemes, kleptocrats used oil wealth to cement their hold on power, and armies of bankers, accountants, and lawyers stashed the stolen loot offshore. But, the stories also reveal vulnerabilities in this web of fraud, and show how heroic prosecutors, journalists and activists succeeded in battling back. These are the starting points for building a smarter fight against corruption, in the oil sector and well beyond.
MoreLong description:
Billions of dollars stolen from citizens are circling the globe, enriching powerful individuals, altering political outcomes, and disadvantaging everyday people. News headlines provide glimpses of how this corruption works and why it matters: President Trump's businesses struck deals with oligarchs and sold property to secretive shell companies; the Panama Papers leak triggered investigations in 79 countries; and, corruption scandals toppled heads of state in Brazil, South Africa, and South Korea. But how do these pieces fit together? And if the corruption is so vast and so tied up with powerful interests, how do we begin to fight back?
To find answers, Crude Intentions examines the corruption crisis that erupted during the recent oil boom. From 2008 to 2014, oil prices shot through the roof. Motivated by more than nine trillion dollars in new oil money, corruption followed apace. Examining the oil boom is like placing a drop of dye in the circulatory system of global corruption, and watching as it reveals the system's channels and pathways.
Company bosses signed off on risky schemes to snap up choice oil blocks. Politicians in Brazil and Nigeria stole billions to build up their election war chests. Kleptocrats in Angola, Azerbaijan, and Russia seized upon the oil wealth to cement their hold on power. And an army of bankers, accountants, and lawyers lined up to help these corrupt actors stash their loot in the global system of shell companies and tax havens that serves today's super-rich. The money then bought yachts, mansions, and even a few foreign politicians.
Drawing on information exposed by intrepid journalists, prosecutors, and whistle blowers, Crude Intentions tells jaw-dropping stories of corruption and asks what we can learn from them. The cases reveal common tactics, but also vulnerabilities in this web of fraud. These are the starting points for building a smarter fight against corruption, in the oil sector and well beyond.
Alexandra Gillies has written an essential primer on the new world order, in which kleptocrats are hijacking the global economy. She writes with the courage and insight of someone who has spent many years infuriating those kleptocrats. Crude Intentions is comprehensive: it needs to be, given the oil industry's scorched-earth approach to the truth. Yet at times it reads like a crime thriller. Gillies shows us how, from Goldman Sachs to Goodluck Jonathan, Rosneft to the Republican Party, the corruption pandemic has spread worldwide. Her book pulses with a spirit not of despair but of action: don't let them get away with it.
Table of Contents:
Chapter 1: The Crisis of Corruption
Chapter 2: "Being a Friend in a Nest of Vipers"
Chapter 3: Corruption and the Competition for Power
Chapter 4: The Kleptocracy Kings
Chapter 5: "An Octopus that Reaches around the Globe"
Chapter 6: Corruption's Motley Foes
Chapter 7: We Know How to Fight Corruption
Notes
References
Index
