Saturday, February 4, 2017

Senator Hoeven and Rep. Cramer Vote to Eliminate "Disclosures of Payments by Resource Extraction Issuers” Rule

It comes as no surprise that Senator Hoeven and Rep. Cramer voted yes to eliminate the rule which would require American energy companies to disclose any payments to foreign governments. Hoeven's biggest industry donors are the gas and oil companies. Source

Critics of the rule say  the rule may force companies to release "trade secrets."  If that is the case, why don't the Republicans add language to the rule which forbids that? I think it is a case of big oil companies not wanting transparency in their dealings with other countries. In this case, sunshine is a good thing.

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