11-03-2017, 02:21 AM
Quote: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.US backs out of global oil anti-corruption effort | TheHill