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Saturday, September 03, 2005

Disaster Profiteering

Guess who... Halliburton.
The US Navy asked Halliburton to repair naval facilities damaged by Hurricane Katrina, the Houston Chronicle reported today. The work was assigned to Halliburton's KBR subsidiary under the Navy's $500 million CONCAP contract awarded to KBR in 2001 and renewed in 2004. The repairs will take place in Louisiana and Mississippi. KBR has not been asked to repair the levees destroyed in New Orleans which became the primary cause of most of the damage. [...] In March, the former director of the Federal Emergency Management Agency (FEMA), which is tasked with responding to hurricane disasters, became a lobbyist for KBR. Joe Allbaugh was director of FEMA during the first two years of the Bush administration.
While the rest of us sympathize for the people of New Orleans, Halliburton salivates over a new billion dollar contract. Surprised? No. Disgusted? Yes.

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