Senate votes to repeal transparency rule for oil companies

[demmiblue]

Source: The Hill

The Senate voted strictly along party lines Friday morning to repeal a regulation requiring disclosures for the payments that energy companies make to foreign governments.

The measure passed 52-47 in a pre-dawn vote.

The Securities and Exchange Commission’s (SEC) foreign payments rule was mandated by a key provision of the 2010 Dodd-Frank financial reform bill and was meant to reduce corruption in resource-rich countries by detailing the royalties and other payments that oil, natural gas, coal and mineral companies make to governments.

<snip>

The oil industry has made it a priority to lobby against the SEC rule. Exxon Mobil Corp., whose former CEO Rex Tillerson was confirmed this week to be secretary of State, was one of the most outspoken opponents, owing in part to its business operations in scores of countries around the world.

Read more: http://thehill.com/policy/energy-environment/317700-senate-votes-to-repeal-transparency-rule-for-oil-companies

[bucolic_frolic]

1. GOP is stuck in Reverse

going backwards

[Dustlawyer]

2. No reason to have this rule but to hide bribes and Russian payoffs.

Last edited Fri Feb 3, 2017, 09:29 AM - Edit history (1)

[cstanleytech]

3. Agreed its clearly being done to hide corruption. nt

[Trust Buster]

5. It is not just Russia. Oil, gas and mining companies regularly bribe officials in African countries

to sell them resources at below market prices there bye screwing African citizens out if their inherited value to lift themselves out of poverty. This has led to war and mass slaughter in Africa. And we wonder why we are hated in certain areas of the world ? The U.S. "free marketers" are stealing their inheritance.

[Achilleaze]

6. Bingo Bango Bongo

This ugly signal reveals that the whole freaking KGOP is in on IT and will continue to betray honesty, honor, integrity and America.

[dalton99a]

9. +1

[GliderGuider]

10. Yes.

[Mc Mike]

4. Who sez the gov can't get a lot of things done, quickly? rec, nt.

[Bear Creek]

7. Not conservative

Shouldn't conservatives be for transparency? That way they can make sure that the "bad" countries will not be making money to funnel to the terrorists. That sanctions they put in place are being observed. Or is it they put on sanctions then secretly go around them and get the oil at a discount then say, oh it is hard to get oil because the sanctions or unrest and sell the oil at jacked up prices. Price on everything goes up but if the oil price drops none of the prices do.

[Delmette2.0]

13. You are exactly right.

+1.

[Coventina]

8. Have I mentioned that I hate these fuckers? n/t

[tbbnf]

11. Will the brainwashed

50%+ of the population that watches Faux News and listens right wing hate radio even hear about this story or half the crap this administration is up to? Even if they mention it on those outlets it will be spun as removing burdensome regulation. Remember they all hated Hillary because of the perceived corruption in WDC.

[Bernardo de La Paz]

12. Republicons always increasing wealth & income inequality. Can't continue forever w/o revolution. nt

[Tom Rinaldo]

14. These are the things that are really happening while we are reacting to Trump tweets

And we should be reacting to them, he is dangerous, but so are the Republicans in Congress and they do their work under cover of Trump's shadow

[IronLionZion]

15. Lots of party line votes like this one

prove there's no difference between the parties.

Corrupt bribery BS like this is why we need Democrats like Feingold, McGinty, and Kander to have won their Senate elections. Stuff like this happens all the time and we need more Dems in congress. 2-3 votes can make a difference.

Even conservative Dem Joe Manchin voted with the Dems on this one.

It would be sweet to get DC statehood too. I voted for it.

[dae]

18. GOP keeps getting slimier by the minute!

[DK504]

16. "Pre-dawn" vote

I don't understand how this isn't being covered or reported on. This is the Orange Menace tactic, get them freaking out about the other shiny thing in the corner and no will notice the government being dismantled.

No time for debate, no time for discussion or actually pieces of papers to study. Banana Repulicans.

[dae]

17. Exactly!

[IronLionZion]

19. Trump is a distraction

The real stuff is happening in Congress while we all respond in horror to the lunatic ramblings coming out of the white house.

[Bear Creek]

21. Lies

That is why they say something that has a kernel of truth but is an outright lie then slip the really horrible things they are doing by everyone.

[diva77]

22. I don't know why they even bother to vote, they're so corrupt

they can just claim whatever they want and lie and say they voted on it

[kwassa]

20. The freeway to corruption is now wide open.

[orangecrush]

23. Treason

Is now business as usual.