• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 14 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 12 hours Could Someone Give Me Insights on the Future of Renewable Energy?
  • 13 hours The United States produced more crude oil than any nation, at any time.
  • 13 hours How Far Have We Really Gotten With Alternative Energy
  • 12 hours "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 1 day Bankruptcy in the Industry
Zainab Calcuttawala

Zainab Calcuttawala

Zainab Calcuttawala is an American journalist based in Morocco. She completed her undergraduate coursework at the University of Texas at Austin (Hook’em) and reports on…

More Info

Watchdog Group Says Lack Of Transparency Will Hurt Oil And Gas

In a new report, Transparency International argues that 2017 has been a “very bad year” for public scrutiny of the oil and gas industry due to the heightened presence of special interests in the U.S. government.

"It's been a very bad year for transparency in the energy and mining sector," Zoë Reiter, project lead at the human rights group, said.

The watchdog group suggested that Florida’s apparent exemption from a national fossil fuel drilling plan in favor of protecting the state’s tourism industry constituted a serious concern for the electorate.  Some 90 percent of the outer U.S. shelf is set to be opened up to drillers as part of President Trump’s strategy for energy independence and dominance. 

"Americans are all too aware of the undue influence of money and politics and that many policy and resource allocation choices are not necessarily made in the public interest but rather special interests," Reiter told UPI. "The special need to exclude Florida but no other coastal states makes no sense to many of us."

Florida’s two Senators, Republican Marco Rubio and Democrat Bill Nelson, both opposed the Trump administration’s proposal to open almost all U.S. coastal waters for lease sales. Following the announcement in January, Rubio asked Interior Secretary Ryan Zinke "to recognize the Florida Congressional delegation's bipartisan efforts to maintain and extend the moratorium in the Eastern Gulf of Mexico, and remove this area for future planning purposes."

Related: Oil Prices Diverge On Mixed Data

While Zinke publicly vowed to cater to the Senators’ request, later congressional testimony revealed that the areas were still under consideration for inclusion under the draft leasing bill. 

U.S. Secretary of State Rex Tillerson’s previous tenure as CEO of ExxonMobil is another point of concern, Transparency International says. Tillerson formerly worked for the American Petroleum Institute in its fight against the Dodd-Frank Act’s disclosure requirements for funds paid to foreign countries.

ADVERTISEMENT

By Zainab Calcuttawala for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News