Donald Trump moved on Tuesday to expunge rules aimed at forcing oil companies to disclose payments made to foreign governments in order to secure lucrative mining and drilling rights.
“Trump has given an astonishing gift to the American oil lobby. Oil, gas and mining companies listed across the EU, including Russian companies, have already disclosed $150bn of payments in resource-rich countries, with no ill effects. This makes a mockery of claims by US oil companies such as Exxon that greater transparency would damage companies’ competitiveness. If the European companies can do it, you have to ask – what are US companies trying to hide?” said Zorka Milin, senior legal adviser at the advocacy group Global Witness.
Isn’t it Angola that bans companies from revealing how much they pay Angola?