Showing posts with label Corporation. Show all posts
Showing posts with label Corporation. Show all posts

Friday, June 04, 2010

Is NALCO Poisoning the Gulf of Mexico with Corexit Oil Dispersants for Goldman Sachs' & Hathaway Berkshire's Profits?

There are a lot of hyperlinks contained in the quoted article below, so please check them out. The original link I viewed is from Rumor Mill News. I do not know who wrote the original article, but Remixx World! gives this author mad props. If you follow the links, you will see some troubling information. The same corporate fat cats that seem to profit from every disaster will likely stand to profit from the Gulf of Mexico oil spill disaster through the usage of the oil spill dispersant Corexit.

For further information on Corexit, check out:

1. Nalco Uses COREXIT® 9527 Oil Dispersant to Combat Deepwater Horizon Oil Spill in Gulf of Mexico

2. Exxon Report on Acute Aquatic Toxicity of Corexit 9500, 9527 & 9580 Oil Spill Response Products

3. Does Oil Dispersant Corexit® 9527 Cause Genetic Mutations in Microorganisms?

4. Using Oil Dispersants on the Sea (1989 Report by Marine Board, National Research Council)

5. Oil Spill Dispersants: Efficacy and Effects (Book)

6. Are BP & Nalco Poisoning the Gulf of Mexico with Arsenic in Corexit® 9500?



Somebody did a lot of work....don't let it go to waste.
Posted By: watcher51445 Send E-Mail
Date: Tuesday, 1-Jun-2010 07:45:34

Somebody did a lot of work....don't let it go to waste.

Off I go...these jokers may be in the "top drawer"..but they DON'T own the filing cabinet...

Bombshell expose'. The real reason the oil still flows into the Gulf of Mexico.

As you know, the Deep Water Horizon has exploded in the Gulf of Mexico. It has been spewing oil from a ruptured wellpipe for over a month.

BP and the US Government has said they are trying everything possible to stop that multi million gallon oil from continuing to flow into the Gulf.

I am about to dispute that claim and offer an expose' as to why that story about them doing everything possible is a lie and a profitable enterprise to those who would make money from this disaster.

The Top Kill method was started and suspended several times. It was being attempted only half heartedly. The reason is, there is no money to be made with a solution that simple.

The real money is in the use of dispersements.

There is a company called NALCO. They make water purification systems and chemical dispersements.

NALCO is based in Chicago with subsidiaries in Brazil, Russia, India, China and Indonesia.

NALCO is associated with UChicago Argonne program. UChicago Argonne received $164 million dollars in stimulus funds this past year. UChicago Argonne just added two new executives to their roster. One from NALCO. The other from the Ill. Dept of Educaution.

If you dig a little deeper you will find NALCO is also associated with Warren Buffett, Maurice Strong, Al Gore, Soros, Apollo, Blackstone, Goldman Sachs, Hathaway Berkshire.

Warren Buffet /Hathaway Berkshire increased their holdings in NALCO just last November. (Timing is everything).

The dispersement chemical is known as Corexit. What it does is hold the oil below the water's surface. It is supposed to break up the spill into smaller pools. It is toxic and banned in Europe.

NALCO says they are using older and newer versions of Corexit in the Gulf.. (Why would you need a newer version, if the old one was fine?)

There is big money and even bigger players in this scam. While they are letting the oil blow wide open into the Gulf, the stakes and profit rise.

The Dolphins, Whales, Manatees, Sea Turtles and fish suffocate and die. The coastal regions, salt marshes, tourist attractions and the shore front properties are being destroyed, possibly permanently.The air quality is diminished. The Gulf of Mexico fishing industry is decimated.

All to create a need for their expensive and extremely profitable poison.

Some friends and I have compiled extensive articles and reports to support this claim.

Thank you:

Sir_Templar. He brought this to our attention and hs supplied links and articles.

Spongedocks. She tirelessly searched through mountains of information & supplied valuable links & resources..

Bobbi85710 She has contributed links articles and uncovered the Stimulus funds.

The Research:

'This is NALCO:

http://www.nalco.com/index.htm

Goldman Sachs was part of a three-pronged group that purchased NALCO:

http://www.nalco.com/aboutnalco/history.htm

Buffett's Bet On Water, NALCO (NLC is trade code):

http://www.istockanalyst.com/article/viewarticle/articleid/3095068

'Blackstone, Apollo and Goldman Sachs to acquire Ondeo NALCO' (COREXIT 9500):

http://bit.ly/bVHQkR

The Milken Institute - Leon Black of Apollo Management LLC (i.e. NALCO): http://bit.ly/vJLz

BP plc, Citigroup Inc., Goldman Sachs, NALCO Holding Co., Halliburton Co:

http://yhoo.it/amEhiS

The Chicago, NALCO, Arab, Blago, Rezko Connection:

http://bit.ly/d88x31

Obama's Economic Adviser Buffet,= Berkshire Hathaway Inc - NALCO Holding Co:

http://bit.ly/ati3AL

NALCO and the China Connection:

http://bit.ly/daKYmk

'NALCO eyes doubling of sales in China:

http://bit.ly/bi7BZw

Berkshire the second-largest shareholder in NALCO:

http://bit.ly/cvHDAl

Company Profile 'NALCO Holding Co:

http://bit.ly/9qeTkd

'96 "partnerships with enviro products thru 2010"! Attendees: Gore M. Strong & NALCO:

http://is.gd/ctV7p

Gore/Strong EPA Conference '96:

http://is.gd/ctVfN
BP Embraces Exxon's Toxic Dispersant, Ignores Safer Alternative
It has been confirmed that the dispersal agent being used by BP and the government is Corexit 9500 , a solvent originally developed by Exxon and now manufactured by Nalco Holding Company of Naperville, IL. Their stock took a sharp jump, up more than 18% at its highest point of the day today, after it was announced that their product is the one being used in the Gulf. Nalco's CEO, Erik Frywald, expressed their commitment to "helping the people and environment of the Gulf Coast recover as rapidly as possible." It may be that the best way to help would be to remove their product from the fray. Take a look at some of the facts about Corexit 9500:

A report written by Anita George-Ares and James R. Clark for Exxon Biomedical Sciences, Inc. entitled "Acute Aquatic Toxicity of Three Corexit Products: An Overview " states that "Corexit 9500, Corexit 9527, and Corexit 9580 have moderate toxicity to early life stages of fish, crustaceans and mollusks (LC50 or EC50 – 1.6 to 100 ppm*). It goes on to say that decreasing water temperatures in lab tests showed decreased toxicity, a lowered uptake of the dispersant. Unfortunately, we're going to be seeing an increase in temperatures, not a decrease. Amongst the other caveats is that the study is species-specific, that other animals may be more severely affected, silver-sided fish amongst them.

http://www.protecttheocean.com/gulf-oil-spill-bp/

Here is the Stimulus money:
Awards in Lemont , Illinois

Below are the stimulus contracts, grants, and loans in this city. You can click on an award to read (and add to) its description. You can also discuss the award and vote on whether you are satisfied with it or not. For a more local view, you can drill down to awards in a particular city. Just choose a city from the following list.

The total of cost of all the projects submitted by Lemont is $164,030,462.00
Type Description Amount City State Jobs Vote
Contract This is a Time-and-Materials task order in accordance with the terms and conditions set forth in the Basic Contract DE-EM0000156.… $305,550 Lemont IL 1 -1
Contract Argonne National Laboratory manages a variety of American Recovery and Reinvestment Act (ARRA)-funded projects, which will create jobs and help… $163,724,912 Lemont IL 19 25
http://tinyurl.com/252mhnh
~~~~
~~~~

LEMONT , IL
UCHICAGO ARGONNE, LLC

Contract: $163,724,912 - Department of Energy - May. 22, 2009

~~~~~~~~

NALCO is associated with Exelon and Com Ed. (Ayers' father was CEO of Com Ed.)

Com Ed hired a CEO form NALCO and a director from Dept of EDU. Isn't B. Ayers w/Edu?

http://www.chicagobusiness.com/cgi-bin/news.pl?id=22533

Pay close attention to UChicago Argonne. They control Fermi, as well as other majopr energy industry connections.

http://research.uchicago.edu/uc_anl_centers.shtml

ComED & Exelon are connected to NALCO through UChicago Argonne.

All areconnected to Fermilab. That stimulus millions to Lamont is funding all these connections.

They even hire each other's executives.
ComEd names 2 new outside directors

(Crain's) — Commonwealth Edison Co. has appointed two new outside board members as the utility continues to seek to distance itself from parent Exelon Corp. in the ongoing controversy in Springfield over future electric rates.

Added to the ComEd board are Edward (Ted) J. Mooney, former CEO of Nalco Holding Co. in Naperville, and Jesse H. Ruiz, partner in the law firm of Gardner Carton & Douglas LLP and chairman of Illinois State Board of Education. The appointments were effective Oct. 16.

http://www.chicagobusiness.com/cgi-bin/news.pl?id=22533

~~~~

This is NALCO India. It's in Brazil, Russia & China.= BRIC.There is also a plant in Indonesia. (There are a couple articles at this link.

http://www.topnews.in/companies/nalco

~~~~
A Few Words About Nalco

Please note the date of article Nov. 2009.(Timing is everything).

"It is no wonder why Warren Buffett's Berkshire Hathaway is the biggest shareholder."

http://dailyreckoning.com/a-few-words-about-nalco/

~~

If you read this article carefully, you will see the Dome they were allegedly using to "try to block the spill" was a lie. It was never intended to stop the oil flow.

It was an experiment being conducted for another project.:
Science magazine features Mines hydrates research

GOLDEN, Colo., Oct. 12, 2009 – Science magazine has published a paper by Colorado School of Mines doctoral graduate student Matthew Walsh, and faculty and co-directors of the Center for Hydrate Research (CHR), Carolyn Koh, E. Dendy Sloan, Amadeu Sum, and David Wu — "Microsecond Simulations of Spontaneous Methane Hydrate Nucleation and Growth."

The article was recently featured on "Science Express," the magazine's web site that highlights selected articles that will appear in upcoming print issues.

Wu explains gas hydrates as vast untapped energy reserves found in the ocean and the permafrost that are also a potential storage medium for hydrogen fuel or sequestering carbon dioxide. Hydrates currently pose the greatest challenge in the delivery of oil and gas in pipelines, which can be plugged by the formation of hydrates, he said. The Mines research reported in Science helps explain how hydrates form, and could eventually lead to ways to control their growth.

"Methane hydrates form at high pressures and low temperatures, and have an unusual crystalline structure in which water molecules form cages around individual methane molecules, " Wu said. "How such complex structures form is notoriously difficult to study since the process of nucleation is a rare random event that happens in a few nanoseconds and at a random location over a few nanometers."

This study was supported by the National Science Foundation-Renewable Energy Materials Research Science and Engineering Center and CBET Division, the U.S. Department of Energy and the Mines Hydrate Consortium, which is presently sponsored by BP, Champion Technologies, Chevron, ConocoPhillips, ExxonMobil, Halliburton, Multi-Chem Group, Nalco, Petrobras, Schlumberger, Shell, SPT Group, StatoilHydro, and Total.

http://www.mines.edu/Science-magazine-features-Mines-hydrates-research--

~~~~
Special Report on BP plc, Citigroup Inc., Goldman Sachs, Nalco Holding Co., Halliburton Co., and Domestic All-Star Paradigm Oil and Gas, Inc. (PDGO)

May 2, 2010 3:01 PM EDT

LAS VEGAS, NEVADA -- (MARKET WIRE ) -- 05/02/10 -- www.EnergyStockAlerts.com is a premier source for microcap and blue chip research and commentary.

The scale and carnage of BP's recent oil spill disaster continues to grow on a daily basis. The Wall Street Journal, citing industry experts, on Friday estimated the size of the continuing oil leak at 25,000 barrels a day (up from the U.S. government's Thursday estimate of 5,000 barrels a day). BP shares have fallen 12% since the disaster.

The accident has forced President Barack Obama to put on hold politically sensitive plans to expand offshore U.S. oil drilling . In March, President Obama unveiled plans for a limited expansion, in part to try to win Republican support for climate change legislation. The White House announced Saturday morning the President will travel to the gulf coast today to get an update on efforts to contain the massive spill.

Yesterday news reports that several banks (including Goldman Sachs, GS and Citigroup, C ), recommended buying BP shares. They argue investors are over reacting since the April 20 explosion.

Yesterday oil giant BP (BP) released news that it has tested the dispersants (manufactured by Nalco Holding Co. (HAL)), on Friday night and authorized it's use on a larger scale. BP also added, it is looking for additional suppliers to begin manufacturing the material in mass quantities.

http://tinyurl.com/2cachel

~~~~

The day after the rig blew, there was a Symposium on alternative energy. The Keynote speakers were none other than John Holdren and Ray Lahood. (Timing is everything):
Chicago Summit To Address Four Key Challenges

Clean water; carbon, energy and climate; urban sustainability; and global health to be discussed April 21 to 22
March 25, 2010

On April 21 to 22, engineering, government, non-profit and business leaders from across the United States and abroad, as well as local high school and college students, will convene at Chicago's Fairmont Hotel as the Illinois Institute of Technology and Chicago Council on Science and Technology present the National Academy of Engineering (NAE) Grand Challenges for the 21st Century: Chicago Summit 2010. The Chicago Summit is designed to stimulate the engineering, science and policy advances needed to address four key "grand challenges" facing the United States: clean water; carbon, energy and climate; urban sustainability; and global health.

Among the many notables to attend the summit will be U.S. Secretary of Transportation Ray LaHood, assistant to the president for science and technology, Dr. John P. Holdren, and the Haitian Ministry of Health's Marie Denise Milord.

http://wwdmag.com/Chicago-Summit-To-Address-Four-Key-Challenges-NewsPiece20381

The summit was held as scheduled: Rig blew April 20, 2010. Summit next day.

http://www.iit.edu/grand_challenges/pdfs/grand_challenges_wrap-up_report.pdf

~~~~

This is a hodgepdge of articles:

Some examples:
Statement Regarding Disclosure Of Information About COREXIT (http://www.thestreet.com/story/10769717/statement-regarding-disclosure-of-information-about-corexit.html)...By GlobeNewswire 05/28/10.

http://www.thestreet.com/story/10768572/nalco-releases-additional-technical-information-on-corexit.html
Nalco Releases Additional Technical Information On COREXIT
By GlobeNewswire 05/27/10

http://www.thestreet.com/story/10767546/funds-for-cleaning-up-after-bp.html
Funds for Cleaning Up After BP
By Don Dion 05/26/10

Cleaning up the Gulf of Mexico is good for business for a diverse collection of companies dedicated to this and other types of environmental efforts.

http://www.thestreet.com/story/10766495/why-george-soros-is-buying-westport-innovations.html
Why George Soros Is Buying Westport Innovations
By Eric Rosenbaum 05/25/10

Westport Innovations nabs a major investor in the first quarter: George Soros.

http://www.thestreet.com/story/10765543/1/nalco-statement-on-may-24-epa-press-conference-on-dispersant-use-in-the-gulf-of-mexico.html
Nalco Statement On May 24 EPA Press Conference On Dispersant Use ...
By GlobeNewswire 05/24/10

http://www.thestreet.com/story/10763249/professor-buffetts-spring-cleaning.html
Professor Buffett's Spring Cleaning
By Don Dion 05/21/10

Buffett has made a few interesting tweaks to his portfolio, including scaling back Berkshire's position in Kraft by more than 20%.

http://www.streetinsider.com/Analyst+Comments/Nalco+Statement+on+EPA+Analysis+of+Sub-surface+Dispersant+Use/5659844.html
Nalco Statement On EPA Analysis Of Sub-surface Dispersant Use ...
By GlobeNewswire 05/20/10

http://www.thestreet.com/p/rmoney/etf/10763316.html
Got Water? RealMoney.com ($)

PHO offers lets investors dip into one of the most crucial and overlooked commodities in the world.

http://www.thestreet.com/story/10758977/1/nalco-releases-sales-impact-of-gulf-response.html
Nalco Releases Sales Impact Of Gulf Response
By GlobeNewswire 05/17/10

http://www.thestreet.com/story/10758978/1/nalco-states-medium-term-financial-objectives.html
Nalco States Medium-term Financial Objectives
By GlobeNewswire 05/17/10

http://online.wsj.com/article/PR-CO-20100517-908534.html?mod=crnews seems the wall street journal is chasing this too

http://www.chicagotribune.com/business/ct-biz-0131-confidential-20100129,0,1995965.column rahm and nalco

http://www.freerepublic.com/focus/f-news/1829823/posts Pelosi's husband

http://www.nationalsummit.org/speaker-fyrwald

http://www.dailyherald.com/story/?id=143358

http://www.executivesclub.org/ABOUTUS/ClubLeadership/BoardofDirectors/tabid/67/Default.aspx board of directors of the executives club of chicago

http://www.economics.wsj.com/participants.php?facilitator=fyrwald

Chairman President and CEO
NALCO HOLDING CO (NLC)
Headquarters: NAPERVILLE, IL
Chemicals And Allied Products

In 2009, J. Erik Fyrwald received $5,620,847 in total compensation. By comparison, the average worker made $32,048 in 2009. J. Erik Fyrwald made 175 times the average worker's pay.

http://www.nalco.com/aboutnalco/governance.htm

http://www.thaindian.com/newsportal/business/nalco-plans-subsidiaries-to-boost-business-diversification_100300968.html

http://www.dailykos.com/storyonly/2010/5/11/865668/-Is-Dispersed-Oil-in-the-Loop-Current-Heading-for-Florida

~~~~

And finally this:

Ying Yeh looks for new challenge, hopes to help clean China
By Zhang Qi (China Daily)
Being in the limelight is nothing new for Ying Yeh. As the first Chinese woman appointed the global vice president of a Fortune 500 company and the minister-counselor for Commercial Affairs in the US, Ying Yeh has received plenty of accolades.

But what surprised many was her recent decision to leave behind her successful 12-year career at Eastman Kodak and join Nalco, a virtually unknown US company.

http://www.chinadaily.com.cn/bw/2009-05/18/content_7785331.htm

~~~~~~~~~~

So there you have it folks.

The wellpipe rupture was a "Convenient" accident. The officials have no intention of stopping that oil spewing into the Gulf. They scammed us with the Dome experiment. They used the Top Kill method as a ruse to make us believe they were trying something. I'm sure they had many calls to use a method that has been around for decades and being used successfully many times.

It's all about the profit.

This expose has shown Who, what, when, where and why, the dithering.

It's about the dispersements, the stimulus, the billionaires who are vested in NALCO, the scientists who are all onboard with the green agenda, Chicago and blatant deception.

Always follow the money!

~~~

Obama blaming BP:

Obama blames BP and orders probe

http://english.aljazeera.net/news/americas/2010/05/20105231713717747.html

Pelosi blaming Bush:

http://tinyurl.com/249e2n2

~~~

In the meantime, we all now know the truth.

Greed, corruption, conspiracy, fraud and deception are where the blame lies. From the top down is involved.

Remember, you cannot redistribute fishing/shrimping industries, tourism, ocean front property, boating. That wealth will have to be destroyed.

They are poisoning our Gulf for personal profit!.

Friday, February 12, 2010

SunPower Corporation Acquires European Solar Power Firm SunRay Renewable Energy for $277 Million

There are big monies to be made in the green energy industry. Money or not, it is a really interesting hobby. I build portable jackleg solar systems and it is quite fun to basically create energy for free from the sun.

Although it is not really free, because there is a significant initial cost to assemble even a small basic solar system. However, once you make that initial investment, you just have to sit back and collect your energy. Nevertheless, this below press release is not for a small basic solar system. No, this solar deal is worth nearly $300,000 million.


###


SunPower Announces Agreement to Acquire SunRay

More Than 1,200 Megawatts to Be Added to Project Pipeline in Europe and Middle East


SAN JOSE, Calif., Feb 11, 2010 /PRNewswire via COMTEX News Network/ -- SunPower Corp. (Nasdaq: SPWRA, SPWRB) today announced that it has signed a definitive agreement to acquire SunRay Renewable Energy, a leading European solar power plant developer with offices in Europe and the Middle East, including a principal project office in Rome. SunPower will acquire SunRay from its shareholders, which includes its management and Denham Capital. Upon closing the transaction, SunPower will acquire a project pipeline of solar photovoltaic (PV) projects totaling more than 1,200 megawatts (MW) in Italy, France, Israel, Spain, the United Kingdom and Greece. The pipeline consists of projects in various stages of development. SunRay's power plant development and project finance team consists of approximately 70 employees.


"SunRay has a proven track record of developing bankable solar power plants in a complex environment," said Howard Wenger, president of SunPower's utilities and power plants business group. "This acquisition is consistent with our long-term company strategy to develop a strong brand and complementary channels to market. SunRay's exceptional team and pipeline will add to our significant internal investment in North American power plant development. It also complements our European engineering, procurement and construction business that serves a broad range of development partners."


"SunRay has developed an impressive pipeline of utility scale projects throughout Europe," continued Wenger. "We congratulate SunRay on receiving the European Solar Deal of the Year award today from Project Finance magazine for the largest solar PV power plant financed in 2009, the 24 MW Montalto power plant in Italy, which launched SunPower's relationship with SunRay. This acquisition further demonstrates our confidence in the Italian market and regulatory environment, and will accelerate the growth of our European and Middle Eastern power plant business."


"Our experience working with SunPower on Montalto and several other power plants in Italy convinced us that SunRay will be joining the global solar technology, performance and quality leader for solar power plants," said Yoram Amiga, CEO of SunRay Group. "Our combined experience globally will allow us to offer our customers reliable energy delivery at competitive prices. Denham has been a great partner, providing both capital and advice at an important stage in our company's development. We are pleased to have worked with them."


"The SunRay Renewables team has proven itself unparalleled in its ability to develop, finance and construct world class solar projects," said Scott Mackin, partner in Denham Capital. "The marriage of that team with the superior technology of SunPower will create a formidable platform of new, socially and environmentally responsible and highly efficient solar PV projects in many countries around the world. We are delighted to have supported the initial development of SunRay's portfolio, including the initial phase of the award-winning Montalto project, the largest in Italy. This project was completed in partnership with SunPower, and we are confident that the two firms will continue to expand on their success together."


"SunRay has a strong pipeline in Italy, with several power plants already permitted for delivery in 2010," said Gian Maria Ferrero, vice president of SunPower's Europe, Middle East and Africa utilities and power plants business unit. "Italy has demonstrated sustainable, strong growth in both rooftop and ground-mounted solar systems, bringing new jobs to the market and private investment into new power resources without the need for major new transmission investment. The growth of the Italian market has validated our prior acquisition of Solar Solutions, now SunPower Italia. SunPower and SunRay will seek to build on our success throughout Southern Europe and into the Middle East and Africa as demand for new power resources increases."


The total consideration for the acquisition is approximately $277 million, including $235 million in cash and $42 million in a letter of credit and promissory notes
. SunPower has sufficient cash to close the transaction and does not intend to raise equity capital to finance the acquisition. The company will provide specific financial guidance regarding the positive impacts of the transaction during its fourth quarter and fiscal year 2009 earnings conference call in March. The parties anticipate closing the transaction, which is subject to customary closing conditions, in the first half of 2010.


J.P. Morgan Securities Inc. is acting as exclusive financial advisor to SunPower with regard to this transaction and provided a fairness opinion regarding the acquisition to its board of directors.


About SunPower


Founded in 1985, SunPower Corp. (Nasdaq: SPWRA, SPWRB) designs, manufactures and delivers the planet's most powerful solar technology broadly available today. Residential, business, government and utility customers rely on the company's experience and proven results to maximize return on investment. With headquarters in San Jose, Calif., SunPower has offices in North America, Europe, Australia and Asia. For more information, visit www.sunpowercorp.com.


About SunRay


SunRay Renewable Energy is an energy company - an independent solar power producer - with broad skills across the photovoltaic project development value chain. SunRay has built an internationally scalable project development platform which includes engineering, legal and project finance capability. It focuses on utility-scale projects in Southern European countries, using a community-based development model to ensure that its plants are adapted to local community needs. SunRay has a strategic partnership with Denham Capital, a global private equity firm, to develop utility-scale solar projects. SunRay has offices in Malta, Italy, Greece, France, Spain, Israel and the United Kingdom. For more information, visit www.sunrayrenewable.com


About Denham


Denham Capital is a leading global private equity firm, with offices in Boston, Houston, Short Hills, São Paulo and London. With approximately $4.3 billion of invested and committed capital, Denham makes direct investments in all segments of the energy and commodities value chain, including oil and gas, mining, timber, power, carbon assets and energy-related infrastructure and services. The firm invests globally, with investments currently in the US, Canada, South America, Europe, Russia/CIS, Asia and Australia, and across all parts of the capital structure and all stages of the corporate and asset lifecycle, from development projects to mature, operating businesses. For more information about Denham Capital, visit www.denhamcapital.com. Denham Capital does not provide investment advisory services to the public.


SunPower is a registered trademark of SunPower Corp. All other trademarks are the property of their respective owners.


SOURCE SunPower Corp.


Copyright (C) 2010 PR Newswire. All rights reserved



Saturday, January 30, 2010

United Nations Communications and Technology Chief Says World Needs a Cyber Treaty to Prevent All-Out War!

Cyber wars, nothing but cyber wars! I may have said that phrase on this blog before and I will likely say it again as the cyber wars begin in full effect. In December, 2009, numerous corporations were hit by a sophisticated cyber attack likely originating from China. The cyber attacks have continued and a day does not go by when I do not hear about some corporation being hit. The United Nations now says the world needs a new cyber attack treaty between nations to stop the cyber war from escalating into a real all-out war!

I will withhold any comment on the U.N. position until I can read any proposed treaty to see if the treaty is Constitutional.

International Telcommunications Union secretary-general Hamadoun Toure gave his warning at a World Economic Forum debate where experts said nations must now consider when a cyber attack becomes a declaration of war.

For a good background on the cyber attacks that contributed to Google's reevaluation of its operations in China (including saying that it would stop censoring Google.cn) and also hit 33 other companies, click the aforementioned link from InformationWeek.

A report issued on Tuesday by iDefense, a computer security company owned by Verisign, states that 33 other companies were targeted in the attack. It also says that those responsible were working either directly on on behalf of official intelligence entities of the People's Republic of China...

Eli Jellenc, head of international cyber intelligence at Verisign iDefense, stopped short of claiming that the attackers were formally employed by a Chinese intelligence agency...

Adobe on Tuesday said that it learned of "a sophisticated, coordinated attack against corporate network systems managed by Adobe and other companies" on January 2 and that it is investigating the incident. It said that it had no evidence that any sensitive information had been compromised...

Internet Web hosting company Rackspace has confirmed that it was subject to attack, noting that no customer data was compromised or altered.

According to The Washington Post, Dow Chemical and Northrop Grumman may also have been targets of the attacks.

Source: Gulf Daily News ; InformationWeek