Link To grab billions via price increases, and payments for failed carbon capture, and nuclear plant boondoggles.
Health insurance company CEOs (united health care, anthem, aetna, humana, Cigna, centene, healthnet) make out like bandits.- they get paid up to $36 million per year. They refuse to pay for medical treatments and drugs, lay off workers, cut costs, boost drug price bills, etc. Big Pharma CEOs get paid $15 million to $41 million before Covid. They prevent the import of cheaper drugs from Canada.
Electric Utility Corruption they are paying $200 million fines for bribery etc.
The 8-3-20 NYT editorial, “When Utility Money Talks”, illustrates the corrupt side of electric utilities.
“citizens are getting a clearer picture of what they are up against. They are not just fighting dirty energy — they are also fighting the dirty money in politics that keeps it alive.”
" in Illinois, Commonwealth Edison, admitted in federal court to bribing political figures in that state and agreed to pay a $200 million fine”
“in Ohio “operating a $60 million political slush fund to elect their candidates, with the money coming from one of the state’s largest electricity companies”
“In New Orleans, the utility Entergy was caught hiring actors to show up at City Hall and pretend to be citizens in favor of a controversial gas-fired power plant; the company was fined $5 million. A big Arizona utility, Arizona Public Service, has become embroiled in repeated political scandals, including pumping millions in dark money into a campaign to stack the state regulatory board with its lackeys.”
“the big message from all these scandals is that you cannot assume your state government is working in the public interest as it oversees the energy transition.”
Big Oil's paid lobbyists are countering the campaigns to fight climate change. This is because they gain so much power and money thru their existing business model-sort of a bigger is better trend towards oligopoly and monopoly. This started with the oil companies merging into ever bigger corporations. Also this was done by big banks, pharmaceutical companies, media companies, weapons companies, hospital chains, software companies, ....... At some point they spend more money on lobbying and on campaign contributions than on their products, research and development, sales, employees, and customers. They buy out their competitors and restrict competition, then they raise prices. They get bailouts, government contracts, PPP loans, favorable court rulings, etc..... article
article Often in Monopoly, No Bid contracts. This increases the costs and gives the war profiteers tons of money to lobby and fund politicans.