Word: occidentales
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For much of the campaign year, environmentalist groups have dogged the Gore campaign over the fate of the U'wa, an 5,00-strong indigenous Colombian tribe who've threatened to commit mass suicide if Occidental goes ahead with a plan to drill oil on land they hold sacred. Just...
Some Gore-bashers are more concerned about the fact that the vice president's "reinventing government" program had helped Occidental in 1997 become the beneficiary of the largest-ever American privatization of an oilfield, when it purchased 78 percent of the Elk Hills oilfield near Bakersfield, Calif. Gore spokesman Jim...
Moreover, Occidental wasn't simply handed the deal; its offer - $3.65 billion - was twice as high as that of the nearest of its 22 competitors. The acquisition certainly turned Occidental around, instantly trebling its U.S. oil reserves and helping to almost double its profits last year. Whereas it had been...
The Gore family's links with Occidental date back to the vice president's father's close relationship with Armand Hammer, the oil baron who created Occidental and who often found himself in the limelight of controversy because of his extensive investments in the old Soviet Union. When J. Edgar...
Although Hammer died in 1990, Occidental's CEO, Ray Irani, appears to have enjoyed a similarly chummy relationship with Gore. Indeed, according to the New York Times, the traditionally Republican firm gave heavily to the Democrats in the '90s, starting with a $100,000 contribution to the Presidential Inauguration Committee...