Big oil. We won't be bullied.
Two years ago, ONE members helped push Congress to pass the Cardin-Lugar Amendment, which requires oil, gas and mining companies to reveal their payments to foreign governments. Right now, the Securities and Exchange Commission (SEC) is finalizing these rules, but some of the world's biggest oil companies are fighting to keep these deals hidden.
By knowing what a government is paid for its natural resources, citizens can help make sure their leaders don't stash the cash. Let's tell big oil we won't be bullied.
Briefing Center
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Fact sheet: The fight against oil and mining secrecy
A handy Q&A that takes a closer look at the Cardin-Lugar Amendment and how it will help.
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News & Analysis from the ONE BLOG
ONE Act a Week: Thank Sens. Cardin, Lugar and Leahy for their work against corruption
Action: 57. Time: 5 minutes. Level of difficulty: Easy. Last week, the US made a major advancement in the fight against corruption in the oil, gas and mining industry. The US Securities and Exchange Commission (SEC) finally voted to adopt the final rules implementing the Cardin-Lugar extractives transparency provision, which ... More
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US lays the foundation for global standard on extractives transparency
On Wednesday, the Securities and Exchange Commission (SEC) finally voted to adopt the final rules implementing the Cardin-Lugar extractives transparency provision or Section 1504 of the Dodd-Frank Act. The law passed in July 2010 and these long-awaited rules were due on April 17, 2011. Starting on September 30, 2013, the ... More
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Bono and ONE praise SEC ruling, call transparency 'the best vaccine against corruption'
Read the original press release here. ONE members in front of the SEC building earlier this yearONE warmly welcomes the Securities and Exchange Commission’s (SEC) historic adoption of regulations to implement the Cardin-Lugar Amendment to the Dodd-Frank Wall Street and Consumer Protection Act of 2010. While we await the ... More
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SEC must set low de minimis threshold to set high standard for extractives transparency
This piece is part of our blog series on extractive transparency counting down to the SEC vote on the Cardin-Lugar Amendment. See past coverage here.The Cardin-Lugar Amendment, also known as Section 1504 of the Dodd-Frank Act, requires ALL companies to report, on a country-by-country and project-by-project basis, the non ... More
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How the definition of 'project' will affect extractives transparency
This piece is part of our blog series on extractive transparency counting down to the SEC vote on the Cardin-Lugar Amendment. See past coverage here.The Cardin-Lugar Amendment, also known as Section 1504, of the Dodd-Frank Act requires ALL companies to report the payments they make to governments for extracting ... More
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What 'no exemptions and no loopholes' means
This piece is part of our blog series on extractive transparency counting down to the SEC vote on the Cardin-Lugar Amendment. See past coverage here.The Cardin-Lugar Amendment, also known as Section 1504, of the Dodd-Frank Act requires ALL companies to report the payments they make to governments for extracting ... More
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