Hi there,

This month, Democracy Now! marks 29 years of fearless independent journalism. Presidents have come, gone and come back again, but Democracy Now! remains, playing the same critical role in our democracy: shining a spotlight on corporate and government abuses of power and raising up the voices of scholars, advocates, scientists, activists, artists and ordinary people working for a more peaceful and just world. If our journalism is important to you, please donate today in honor of our 29th anniversary. Every dollar makes a difference. Thank you so much.

Democracy Now!

Amy Goodman

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Donate

Trump Scraps Rule Requiring Oil Company to Disclose Payments

HeadlineFeb 15, 2017

President Trump also signed legislation Tuesday to repeal a Dodd-Frank anti-corruption measure requiring oil and mining companies to disclose payments to governments.

President Donald Trump: “And this is H.J. Resolution 41, disapproving the Securities and Exchange Commission’s rule on disclosure of payments by resource extraction issuers. It’s a big deal. We’re bringing back jobs big league. We’re bringing them back at the plant level. We’re bringing them back at the mine level. The energy jobs are coming back.”

The rule had required public oil, gas and mineral extraction companies to disclose annually its payments to both foreign governments and the U.S. government. Lawmakers say these disclosures help fight corruption in resource-rich countries. The oil industry had fiercely lobbied against the measure. Politico reports longtime ExxonMobil CEO Rex Tillerson, who is now secretary of state, personally lobbied against the rule, flying to Washington, D.C., to meet with then-Senator Richard Lugar in 2010 to try to get the measure removed from Dodd-Frank.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top