Republicans Snuff Out Anti-Corruption Rule for Big Oil

“The Republican-led Congress killed a controversial U.S. securities disclosure rule early on Friday aimed at curbing corruption at big oil, gas and mining companies,” The Huffington Post reports.

Senator Ben Cardin of Maryland, the senior Democrat on the foreign relations committee: “It should be lost on no one that in less than 48 hours, the Republican-controlled Senate has confirmed the former head of ExxonMobil to serve as our Secretary of State, and repealed a key anti-corruption rule that ExxonMobil and the American Petroleum Institute have erroneously fought for years.”

“Republican President Donald Trump is expected to sign it shortly.”


UPDATE: Trump signs repeal of transparency rule for oil companies (Source: The Hill)

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