20 Jun '11, 10am

Guess who leads the Oil and Gas Industry Global Corruption Index? The US ! #green

A corruption index published by Transparency International , based on 13 surveys globally, finds that the oil and gas industry and mining are the industries that account for most global corruption. The evaluations were performed by business leaders in each country, including the Corruption Perceptions Index , the Bribe Payers Index and the Global Corruption Barometer , and looked at bribery and “state capture” or the degree to which a country’s laws have been impacted by the influence of companies. At number 22 out of 178 countries, with a rating of 7.1, the US was rated below virtually every European country, as well as Canada, Australia and New Zealand. It even rated a little below Hong Kong, Chile and Qatar. But the US rates much better than Somalia, the worst-rated country, at 1.1, followed by Afghanistan and Iraq at 1.4 and 1.5. Bribery was one of the two key indices ...

Full article: http://www.celsias.com/article/oil-and-gas-industry-leads...

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