We knew there was something fishy going on, but couldn’t figure out what it might be. Why did BP and the EPA keep on using Nalco’s Corexit, which is highly toxic to both humans and wildlife? Turns out that Rodney F. Chase, who sits on the board of Nalco, was also a BP board member. Likelihood that he still holds shares in both companies is very high. So it wasn’t JUST nepotism, it was a for-profit choice.
But it runs deeper than that. Corexit’s manufacturer, Nalco Holding Company is owned by the Blackstone Group (along with MANY other holdings, a huge investment conglomerate.) Blackstone has had Japanese investors for many years, but relatively recently doubled that investment; The Japanese now own 20% of Blackstone. What else does Blackstone own? Large hotel chains, Banquet foods, Seaworld, Six Flags… you name it! Most captive dolphins are in amusement parks like Seaworld, Six Flags, etc. Seaworld claims they have no connection to the dolphin slaughters in Japan (which were documented in the Oscar-award-winning movie “The Cove“). That’s simply not true. [Read more...]