TV News LIES

No business can operate without bankers — not even the bribery business.

British financial giant HSBC and American bailout kingpin Citibank processed transactions, managed money and vouched for Unaoil, a once-obscure firm that is now at the center of a massive international corruption scandal. Police raided Unaoil’s Monaco offices and interviewed its executives on Thursday, a day after The Huffington Post and Fairfax Media first exposed the company’s practices. Law enforcement agencies in at least four nations are involved in a wide-ranging probe of the company and its partners.

The American engineering and construction firm KBR hired Unaoil — an obscure Monaco-based company now involved in a massive international bribery scandal — to help it win oil and gas contracts in Kazakhstan. KBR, which until 2007 was part of the oilfield services giant Halliburton, paid Unaoil millions of dollars from 2004 until at least 2009, according to thousands of internal documents obtained by The Huffington Post and Fairfax Media.

Halliburton and KBR have been in trouble for bribery in the past. After a years-long federal investigation, KBR pleaded guilty in 2009 to multiple criminal counts of violating U.S. foreign corruption laws by bribing Nigerian officials. KBR agreed to pay $402 million as part of a settlement. Halliburton and KBR also paid $177 million to settle SEC civil charges related to the same conduct. Three years later, Albert “Jack” Stanley, KBR’s former CEO, was sentenced to 30 months in federal prison for his role in the scandal. As part of the deal with the Justice Department, KBR agreed to waive many of its legal rights if it was caught violating bribery laws again.

The Scottish government said it granted a license to the operators of what Edinburgh said may be the world's largest offshore floating wind energy development.

Norwegian energy company Statoil was granted a license for its Hywind pilot project that envisions up to five turbines installed by an anchoring system that developers said would facilitate deep-water installation.

"Extreme market forces" are in play in the global energy sector, oil services company Baker Hughes said Tuesday in announcing widespread layoffs.

The company said it was cutting about 17 percent of its workforce, or around 10,500 jobs, as it works to streamline its finances amid the drop in exploration and production. During the first quarter, Baker Hughes reported revenue of $4.59 billion, a 20 percent decline year-on-year.

"Our first quarter results are a reflection of the extreme market forces faced by our industry since late December," Baker Hughes Chairman and Chief Executive Officer Martin Craighead said in a statement. "Consistent with past downturns, many of our customers have curtailed or canceled projects."

Nissan Motor Co. has reported that Japan now has more places to charge electric vehicles than gas stations. The country has roughly 34,000 gas stations, compared to 40,000 charging points. The charging points range from stations to home setups.

"An important element of the continued market growth is the development of the charging infrastructure," Nissan Chief Financial Officer Joseph G. Peter told analysts on a conference call, according to Bloomberg Business.

A small number of vehicles on U.S. roads are already indirectly powered by the sun. Ostensibly, some of America's electric cars use power derived from solar panels. And the fuel cells that bolster a growing fleet of hybrid cars and buses rely on hydrogen converted by photovoltaic cells.

But America is a liquid fuel kind of nation. To help wean American's off their love of gasoline, researchers at Harvard have found a way to turn solar energy into liquid fuel. It's like gas -- only good for the environment.