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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums2 days before the Saudi turmoil, Trump pulled out of a "global oil anti-corruption effort."
Coincidence?
(Oh yeah -- and Jared was visiting there days ago.)
http://thehill.com/policy/international/358560-us-backs-out-of-global-oil-anti-corruption-effort
The Trump administration said Thursday it would exit an international effort to fight corruption that targeted revenue from oil and natural gas extraction.
The U.S. will no longer participate in the Extractive Industries Transparency Initiative (EITI), a global initiative that requires member nations to disclose their revenues from oil, gas and mining assets, according to Reuters.
Under the agreement, the U.S. was required to reveal all the revenue it received from oil, gas and mining companies, and required those companies to publicly disclose the payments they make to the U.S. and other governments.
Gregory Gould, director of the U.S. Office of Natural Resources Revenue, sent a letter to the EITI's board on Thursday announcing that the U.S. would exit the agreement effective immediately."
SNIP
pbmus
(12,422 posts)The kleptocratic kakistrophic klusterf....
applegrove
(118,651 posts)Last edited Tue Nov 7, 2017, 06:43 AM - Edit history (2)
There is no corruption in Nova Scotia off shore oil industry. I took a cab ride from a brilliant taxi driver in Halifax who made it his business to know oil rigs well and order parts for oil rigs from Texas. He educated himself. He was used by the rig contracters. As we were driving along he was on the phone to Texas ordering a $60,000 part. Smart guy. With a dream. And he made good money. And nobody was shaking him down. He found a small niche and filled it. Corruption keeps the little guy down and pulls up the ladder that ends mobility. It destroys any chance at having a meritocracy. I'm not surprised Trump is doing this. He loves hanging with shady and legislating to keep him and his buddies at the top where they face hardly any competition. Capitalism my ass. Corruption turns people to radical Islam. It made the tunisian fruitseller kill himself which started the arab spring. It is the bain of democracy.
brush
(53,778 posts)all the jailings and "accidental" deaths of potential, pretender-to-the-throne Saudi princes begin.