Financial Reform Law Requires Oil, Gas, Mining Companies To Disclose Payments To Governments

July 2010
Energy Daily;7/22/2010, Issue 138, p4
The article reports on the provision of the financial reform legislation that was signed into law by U.S. President Barack Obama on July 21, 2010. Under the provision, firms that are involved in oil, natural gas and mining are mandated to disclose the payments they made to all the countries they operate. The law covers the firms that are listed at the U.S. Securities and Exchange Commission (SEC), including Shell and BP plc. The opinion of Oxfam America's Raymond Offenheiser on the new law is presented.


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