Thursday, May 17, 2012

Oxfam sues SEC to force completion of Dodd-Frank oil transparency rule

From The Hill:

"Oxfam America is suing the Securities and Exchange Commission to force completion of delayed regulations that will require oil, gas and mining companies to disclose payments to foreign governments.

The lawsuit filed Wednesday marks an escalation of human-rights groups’ efforts to ensure completion of the rules, which are required under the 2010 Dodd-Frank financial reform law but face opposition from the oil industry.

The litigation, filed by Oxfam in the U.S. District Court for the District of Massachusetts, asks the court to compel the SEC to issue final rules within 30 days. The SEC is more than a year past the deadline set by the Dodd-Frank law."
now read on . . .

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