U.S. Withdraws From Oil & Gas Anti-Corruption Treaty

The United States will not be part of a recent international
treaty to fight corruption in revenues management, according to a
new decision from the White House, reported by Reuters. The
Extractive Industries Transparency Initiative (EITI) was designed
to aid in the effort to regulate oil, gas, and mineral profits
around the world, and the US is withdrawing “effective immediately”
according to director of the US office of Natural Resources
Revenue, Gregory J. Gould in a Thursday note to the EITI board. The
EITI was founded in 2003,…

The United States will not be part of a recent international
treaty to fight corruption in revenues management, according to a
new decision from the White House, reported by Reuters. The
Extractive Industries Transparency Initiative (EITI) was designed
to aid in the effort to regulate oil, gas, and mineral profits
around the world, and the US is withdrawing “effective immediately”
according to director of the US office of Natural Resources
Revenue, Gregory J. Gould in a Thursday note to the EITI board. The
EITI was founded in 2003,…