Drudge Retort: The Other Side of the News
Saturday, November 04, 2017

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.

Advertisement

Advertisement

More

Alternate links: Google News | Twitter

The U.S. joined the agreement in 2011 after a joint effort from Sen. Ben Cardin (D-Md.) and former Sen. Richard Lugar (R-Ind.).

The two issued a joint statement on Thursday calling the move to exit the agreement an example of "Big Oil and Gas' money and influence" and "a painful abdication of American leadership on transparency and good governance."

"This is a disappointing, backwards step," EITI's board chair Fredrik Reinfeldt said in a statement.

"The EITI is making important gains in global efforts to address corruption and illicit financial flows. It's important that resource-rich countries like the United States lead by example."

Comments

Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

This will help terrorists finance their attacks, heck of a job Donnie.

#1 | Posted by bored at 2017-11-03 10:24 AM | Reply

You can tell what Donald and his friends makes money from or are frightened of by what he destroys.

#2 | Posted by Zed at 2017-11-03 10:40 AM | Reply | Newsworthy 1

Does this get filed under "Draining the swamp" or "restoring power to the people"?

#3 | Posted by 726 at 2017-11-03 01:17 PM | Reply | Newsworthy 2

Damn, Donny Dealmaker sold you guys a -------- sammich and you loved it.

#4 | Posted by 726 at 2017-11-03 01:18 PM | Reply | Newsworthy 2

It sure looks like the Administration is determined to make each and every move they make a "dick move".

#5 | Posted by oldwhiskeysour at 2017-11-04 10:57 AM | Reply | Newsworthy 1

Comments are closed for this entry.

Home | Breaking News | Comments | User Blogs | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy | Copyright 2018 World Readable

Drudge Retort