Trump’s SEC Chair deals a major blow to global fight against corruption
Trump’s Securities and Exchange Commission (SEC) Chairman, Jay Clayton today set the world back years in the global effort to tackle oil, gas, and mining sector corruption.
PWYP-US Director statement in reaction to upcoming SEC vote on Section 1504 implementing rule
Despite Chair Clayton’s efforts to paint himself as a leader in the international fight against corruption, he may be set to mirror other Trump officials forcing through poorly drafted midnight rules while on their way out.
Major multinationals, investors and citizen groups call for stronger oil anti-corruption rule, urge SEC to change course
In response to an invitation for public comment by the Securities and Exchange Commission (SEC), prominent stakeholders expressed overwhelming support for a stronger implementing rule for Section 1504 of the Dodd-Frank Act, the oil anti-corruption rule.
Most companies endorse implementation of strong US transparency law
BP, BHP, Eni, Gold Fields, Kosmos, Newmont, Rio Tinto, and Total all submitted statements illustrating their companies’ willingness to uphold their obligations under the EITI-supporting company expectations to publicly declare support for the EITI Standard and a mandatory disclosure rule in the US that aligns with the Standard.
French Oil Major Cites Low Compliance Costs for Global Disclosure Regime
PWYP-US applauds Total SAP’s recent comment letter to the Securities and Exchange Commission (SEC) which states that the compliance costs for disclosing its project-level payments to governments is “low.”
SEC must strengthen draft anti-corruption rule
We are disappointed today that the SEC has released a weak proposed rule to implement the landmark Cardin-Lugar provision, which requires oil, gas and mining companies to publish their payments to governments.
PWYP-US Mourns the Passing of Former Senator Richard Lugar
Throughout his career, Senator Lugar was a tireless advocate for fighting global poverty and tackling corruption. The international PWYP family mourns the loss of Senator Lugar and sends our heartfelt condolences to his family, friends and staff.
Advocating for Contract Disclosure at EITI
As leaders within EITI, PWYP-US asks that the US Government also support advancing contract transparency as a requirement within the EITI.<
Civil Society Arrests in Niger
In spite of this intimidation by authorities, civil society actors in Niger continue to call out the flaws they see in the 2018 Finance Law.