Oil companies lobby against new Russia sanctions
Oil giants ExxonMobil and Chevron are lobbying against a new bipartisan bill that would toughen sanctions on Russia and prevent the White House from weakening them.
The companies have been contacting lawmakers with information about how the bill could “disadvantage U.S. companies compared to our non-U.S. counterparts," the Wall Street Journal reported on Tuesday.
According to the companies, the tougher sanctions could shutter U.S. business interests around the world, inadvertently aiding Russia.
“This has far-reaching impacts to a variety of companies and industries,” Jack Gerard, chief executive of the American Petroleum Institute told the Journal.
“It has the potential to penalize U.S. interests and advantage Russia.”
The bill, which easily passed the Senate in June with a 98-2 vote, would toughen existing sanctions and give Congress 30 days to review and potentially block the Trump administration from lifting or relaxing Russia sanctions.
The Trump administration has been pushing House Republicans to remove the portion of the bill allowing Congress to block Trump's actions.
http://thehill.com/business-a-lobbying/340612-oil-companies-join-trump-to-lobby-against-russia-sanctions
Profit before patriotism it sounds like.
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