abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb

Cette page n’est pas disponible en Français et est affichée en English

Article

1 Fév 2017

Auteur:
[opinion] Isabel Munilla, senior policy advisor for extractive industries - Oxfam America, in The Hill (USA)

Is Congress voting for corruption?

...[You] might find it perplexing that scrapping an anti-corruption law is at the top of the congressional to-do list in Washington.  But Congress will seek to do just that this week by voting to roll back rules to implement the landmark bipartisan Cardin-Lugar anti-corruption law known as section 1504 of the Dodd-Frank Act... This rule is a hallmark of U.S. global leadership in fighting corruption in poor countries. It covers the vast majority of the world’s largest oil, gas and mining companies, including ExxonMobil, Chevron, BP and Shell, as well as leading state-owned companies from China and Brazil...

[More] than 30 countries have followed the United States’ lead and passed similar laws... Reports have been published by BP and Shell and even by Russia’s state-owned companies, Gazprom and Rosneft... At a time when aid dollars are shrinking, transparency is essential to prevent the looting of much needed revenues by corrupt officials. And if the rule is rolled-back, these payments will remain a secret, possibly forever, fueling corruption, waste, and keeping poor countries dependent on U.S. foreign aid... Business professors from George Washington University and Catholic University...[conducted] a study of more than 1,500 equity securities...[which] found that increased transparency resulting from disclosures required under section 1504 lowers the cost of capital for covered U.S.-listed firms by up to $12.6 billion... This effort comes just as the Senate moves to confirm former ExxonMobil CEO Rex Tillerson to be the next U.S. secretary of state. Tillerson and ExxonMobil lobbied aggressively to oppose this anti-corruption rule with the American Petroleum Institute, and tried to block it and overturn it in the courts. 

[refers to support for the law by ING, BNP Paribas, UBS; also refers to reports already published by BHP Billiton, Rio Tinto, Glencore, Kosmos Energy]

Fait partie des chronologies suivantes

US Congress undoes Dodd-Frank regulations on extractive industry revenue transparency

Publish What You Pay urges oil, gas & mining firms to support US law on disclosure of payments to govts. - statements of support by 13 firms

Informations sur la confidentialité

Ce site utilise des cookies et d'autres technologies de stockage web. Vous pouvez définir vos choix en matière de confidentialité ci-dessous. Les changements prendront effet immédiatement.

Pour plus d'informations sur notre utilisation du stockage web, veuillez vous référer à notre Politique en matière d'utilisation des données et de cookies

Strictly necessary storage

ON
OFF

Necessary storage enables core site functionality. This site cannot function without it, so it can only be disabled by changing settings in your browser.

Cookie analytique

ON
OFF

Lorsque vous accédez à notre site Web, nous utilisons Google Analytics pour collecter des informations sur votre visite. Autoriser ce cookie nous permettra de comprendre en plus de détails sur votre parcours et d'améliorer la façon dont nous diffusons les informations. Toutes les informations analytiques sont anonymes et nous ne les utilisons pas pour vous identifier. Outre la possibilité que vous avez de refuser des cookies, vous pouvez installer le module pour la désactivation de Google Analytics.

Cookies promotionels

ON
OFF

Nous partageons des nouvelles et des mises à jour sur les entreprises et les droits de l'homme via des plateformes tierces, y compris les médias sociaux et les moteurs de recherche. Ces cookies nous aident à comprendre les performances de ces items.

Vos choix en matière de confidentialité pour ce site

Ce site utilise des cookies et d'autres technologies de stockage web pour améliorer votre expérience au-delà des fonctionnalités de base nécessaires.