Naming and shaming awards go to...
Goldman Sachs and Shell win the Public Eye Awards 2013
Yesterday the UK-Dutch oil company Shell and US bank Goldman Sachs were presented with Public Eye Awards.
Awarded by Greenpeace and the Berne Declaration, in the shadow of the World Economic Forum (WEF), campaigners say these two companies "social and ecological misdeeds show the downside of purely profit-oriented globalisation."
The US bank Goldman Sachs received this year's jury award. With the public award going to the oil corporation Shell, in accordance with the wishes of 41,800 on-line voters.
Goldman Sachs received the jury award for "being a key player in financially driving globalisation, which profits from exploding inequality and the impoverishment of millions."
Andreas Missbach, financial expert from the Berne Declaration, stated: "Goldman's derivative deals, which fudged Greece's way into the Eurozone, pawned the future of the Greek people. Moreover, the managers of Goldman Sachs are masters of the revolving door: they secure the bank tomorrow's business via changes in political and public offices."
Michael Baumgartner, Chairman of the Public Eye Awards jury, added: "Not only is Goldman Sachs one of the main winners of the financial crisis, this bank is also a key player in the raw materials casino: it has tapped into these markets as a new source of income and destabilised raw material prices. When food prices break all records, like in 2008, millions of people are plunged into hunger and hardship."
Shell who won the 'popular' vote has always been involved in controversial, risky and dirty oil production projects but is now also leading in the highly risky search for fossil fuels in the fragile Arctic.
Kumi Naidoo, Director of Greenpeace International, said: "Shell has invested 4.5 billion dollars into a senseless, highly risky plan and only produces problems. The Public Eye Awards vote shows that the public keeps an eye on Shell and that its pigheadedness will continue to be sanctioned by public opinion."
Read more about Shell and the rush to exploit the Arctic in our report on insurance companies.
We'll be covering Goldman Sachs and food speculation in the upcoming issue of Ethical Consumer magazine, due out next month.
This story has been added to our corporate database. The database powers all our live buyers' guides, giving the score for each company on our rankings tables.