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Natural Gas | Oil | Metals

Regulations, Trump and the consequences of a US move away from transparency

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Listen: Regulations, Trump and the consequences of a US move away from transparency

Nine years ago, President Barack Obama signed a regulation into law requiring oil, gas and mining companies to publicly report all payments made to governments, an effort aimed at curbing decades of corruption, but President Donald Trump has repealed that regulation and the US has since departed a global extractive industries initiative.

On today's Platts Capitol Crude, Isabel Munilla, policy lead, extractive industries transparency at Oxfam America, talks about the status of reviving these regulations, the consequences of US reluctance to transparency efforts, and whether resistance from oil majors to tax payment disclosure may doom global coordination to halt corruption in the oil sector.