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Article

22 Feb 2012

Author:
Compiled by Business & Human Rights Resource Centre

Oil industry lobbying against section 1504 of Dodd-Frank Wall Street Reform Act (USA): Concerns, company responses

In February 2012 several NGOs [including Oxfam, Revenue Watch, EG Justice] raised concerns about oil industry lobbying against Section 1504 of the Dodd-Frank Act in the USA. Section 1504 requires extractive companies to disclose their tax, royalty and other payments to governments. [Responses by American Petroleum Institute, BP, ExxonMobil, Shell, Statoil. Marathon Oil said that its position is aligned with that of the American Petroleum Institute. We also invited Chevron, ConocoPhillips and Occidental to respond: ConocoPhillips has indicated it will provide a response by 29 Feb 2012].