Thursday, February 2, 2017

Throwback Thursday: I TOLD You to #WatchThisSpace!!!

Monday I posted this: #WatchThis Space: Arctic Activity.  Well you really have to watch! Things are moving fast, and there are a lot of moving parts. This, from Michael Grunwald in Politico.

Rex Tillerson Tried to Get This Rule Killed. Now Congress Is About To Do It For Him

Should oil companies disclose payments to foreign governments? The GOP, and former Exxon CEO, think not.

February 01, 2017

... back in 2010, ExxonMobil’s then-CEO, Rex Tillerson, was deeply worried about Section 1504 of the Dodd-Frank Wall Street reforms, a bipartisan amendment that required drilling and mining companies to disclose any payments they make to foreign governments. So Tillerson and one of his lobbyists paid a half-hour visit to the amendment’s Republican co-author, then-Senator Richard Lugar, to try to get it killed.
Tillerson argued that forcing U.S. oil firms to reveal corporate secrets—such as paying foreign governments—would put them at a competitive disadvantage. He also explained that the provision would make it especially difficult for Exxon to do business in Russia, where, as he did not need to explain, the government takes a rather active interest in the oil industry.


Today, seven years later, Republicans confirmed Tillerson as President Trump’s Secretary of State, despite allegations that he’s too cozy with Russia. At the same time, the GOP is preparing to try to kill the disclosure rule created under Section 1504, despite warnings from international aid groups that the move would provide a wink-and-nod blessing to hidden corporate payments to petro-thugs. The House is expected to act this afternoon, and since the move relies on a special mechanism for reversing rules enacted late in a presidential term, Senate Republicans will need a mere majority rather than a filibuster-proof 60 votes to follow suit.
As you probably could have guessed ...

U.S. House Passes Resolution to Kill Extractive Anti-Graft Rule

Four years to the day since Hillary Clinton exited the State Department, Tillerson will occupy Foggy Bottom, and Congressional Republicans have blown smoke and fog over corporate payments to foreign governments. This in conjunction with the Arctic activity slips past much of the MSM while they occupy themselves with Trump thinking Frederick Douglass is still alive.

Just a reminder: The Benghazi-cum-server-cum emails Oversight Committee railed and wailed a lot in the course of their hearings about Hillary's State Department initiatives promoting American businesses overseas.  That is part of the Secretary of State's job, and all of those initiatives were transparent.

John Kerry's successor enters with a cloak of invisibility ready made.


Keep watching this space! The war in Urkraine is escalating.  Remember that plank in the Republican platform that Trump had removed?