South African firm Sasol and Exxon Mobil were among a group of firms fined last week by the European Union for running a wax cartel, trying to control the global price of wax. Really. I am not making this up:
“There is probably not a household or company in Europe that has not bought products affected by this `paraffin mafia’ cartel,” said EU Competition Commissioner Neelie Kroes in a statement. “Such illegal cartel behavior cannot and will not be tolerated.”