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It takes real balls for the oil industry to fight against transparency and accountability in the middle of a massive oil spill, but that’s precisely what the American Petroleum Institute (API) is doing at the present moment. Even as the spill pours vast quantities of oil in to the Gulf and threatens Louisiana’s wetlands, API is working hard to defeat an amendment that would require all oil, gas, and mining companies registered with the U.S. Securities and Exchange Commission to report how much they pay foreign governments for access to resources. The amendment, which supporters are trying to attach to the financial reform bill, is modeled on the Energy Security through Transparency Act, which was introduced last fall by Senators Ben Cardin and Richard Lugar.
“While API supports the goals of the amendment, we oppose the unilateral approach to revenue disclosure taken in the amendment, API feels that requiring only U.S-listed extractive companies to disclose revenues creates a competitive disadvantage for these companies in the global energy marketplace,” the Institute said in a letter to key lawmakers last week. In other words, API opposes the goals of the amendment.
Senator Cardin’s staff offered a rebuttal of the API argument, noting that the amendment applies to a large number of foreign companies as well as U.S.
firms and that it “levels the playing field” because it would require openness about payments to countries that currently offer little or no transparency at all, such as Russia, China, Burma, and Cambodia.
“While BP in particular and the oil industry in general are fighting a PR battle regarding the Gulf of Mexico spill, they are also fighting a political battle on Capitol Hill to ensure that much of their financial transactions around the world remain shrouded in secrecy,” says Ian Gary, senior policy manager for Extractive Industries at Oxfam.
More from Ken Silverstein:
Commentary — November 17, 2015, 6:41 pm
The Clintons’ so-called charitable enterprise has served as a vehicle to launder money and to enrich family friends.
i. stand with israel
I listen to a lot of conservative talk radio. Confident masculine voices telling me the enemy is everywhere and victory is near — I often find it affirming: there’s a reason I don’t think that way. Last spring, many right-wing commentators made much of a Bloomberg poll that asked Americans, “Are you more sympathetic to Netanyahu or Obama?” Republicans picked the Israeli prime minister over their own president, 67 to 16 percent. There was a lot of affected shock that things had come to this. Rush Limbaugh said of Netanyahu that he wished “we had this kind of forceful moral, ethical clarity leading our own country”; Mark Levin described him as “the leader of the free world.” For a few days there I yelled quite a bit in my car.
The one conservative radio show I do find myself enjoying is hosted by Dennis Prager. At the Thanksgiving dinner of American radio personalities (Limbaugh is your jittery brother-in-law, Michael Savage is your racist uncle, Hugh Hewitt is Hugh Hewitt) Dennis Prager is the turkey-carving patriarch trying to keep the conversation moderately high-minded. While Prager obviously doesn’t like liberals — “The gaps between the left and right on almost every issue that matters are in fact unbridgeable,” he has said — he often invites them onto his show for debate, which is rare among right-wing hosts. Yet his gently exasperated take on the Obama–Netanyahu matchup was among the least charitable: “Those who do not confront evil resent those who do.”
Pairs of moose-dung earrings sold each year at Grizzly’s Gifts in Anchorage, Alaska:
An Alaskan brown bear was reported to have scratched its face with barnacled rocks, making it the first bear seen using tools since 1972, when a Svalbardian polar bear is alleged to have clubbed a seal in the head with a block of ice.
A former prison in Philadelphia that has served as a horror-movie set was being prepared as a detention center for protesters arrested at the upcoming Democratic National Convention, and presumptive Republican presidential nominee Donald Trump fired his campaign manager.
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“Matt was happy enough to sustain himself on the detritus of a world he saw as careening toward self-destruction, and equally happy to scam a government he despised. 'I’m glad everyone’s so wasteful,' he told me. 'It supports my lifestyle.'”