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{{#badges: WaterEnergy}}The '''Halliburton Company''' was founded in 1919 and is one of the world's largest providers of products and services to the oil and gas and military services industries. ==Subsidiary KBR largest receiver of non-competitive defense contracts== [[Kellogg Brown and Root|'''Kellogg Brown and Root''' (KBR)]], formed as an offshoot of parent company Halliburton in 2007, is the largest recipient of defense contract funding as of March, 2013. KBR privately provides military support services which were once operated by the U.S. military. Over the past ten years KBR has received $39.5 billion in Iraq-related contracts much of which came without having to bid against competing firms. A $568 million contract to provide housing and food services for soldiers led to a [http://www.chron.com/business/article/KBR-gets-no-bid-contract-to-support-Army-in-Iraq-1702336.php Justice Department lawsuit] filed in 2010 by whistle-blowers for never being put up to bid by the Army and under suspicion of kickbacks. As stated by ''Business Insider'':<ref> Angelo Young,[http://www.businessinsider.com/halliburton-company-got-395billion-iraq-2013-3 Former Halliburton Subsidiary Received $39.5 Billion in Iraq-Related Contracts Over The Past Decade], ''Business Insider'', March 19, 2013.</ref> :"Even without the graft, the costs of paying for these services are higher than paying governement employees or soldiers to do them because of the profit motive involved. No-bid contracting -- when companies get to name their price with no competing bid -- didn’t lower legitimate expenses. (Despite promises by President Barack Obama to reel in this habit, the trend toward granting favored companies federal contracts without considering competing bids continued to grow, by 9 percent last year, according to the Washington Post.)"
==References==
<references />
==The "Halliburton loophole" for Methane Gas Drilling==
For more information about the health harms and environmental problems caused by the fracking process, please go to our main page on the [[Marcellus Shale]] issue, by clicking [[Marcellus Shale]]. A summary of related issues and the impact on drinking water can be viewed by clicking the word "Water" in the Hot Topics column on the left or by going [[Portal:Water|here]].
===Halliburton and fracking===
In 2011, Halliburton posted record revenues of $25 billion, based almost entirely on the growth of its U.S. shale explorations, and it is on pace to top that in 2012, with first-quarter revenue of $6.9 billion. According to the ''National Journal,'' Halliburton's unofficial company motto has become "Frac the Future." Oil and gas companies hire energy service providers like Halliburton to extract fossil fuels, including cement casing and fracking.<ref>Coral Davenport and Yochi J. Dreazen, "The Revival of Big Red,"] National Journal, June 4, 2012.</ref>
==Under investigation and relocating to Dubai==
Phone: (713) 759-2600<br>
Web: http://www.halliburton.com
== Related SourceWatch resources ==
*[[TSKJ Slush Fund]]
*[[war profiteering]]
*[[Henry W. Hankinson]]
== External links ==
*Jeremy Scahill and Garrett Ordower, [http://www.thenation.com/doc/20070326/scahill_ordower "KBR's $400 Million Iraq Question,"] ''The Nation'', March 12, 2007.
[[Category:Water]][[Category:Energy]][[Category:Fracking]][[Category:Corporations]][[categoryCategory:Iraq]][[Category:United StatesWar in Iraq]][[categoryCategory:war in IraqUnited States]] ==References==<references />
