Obama backs country-by-country reporting

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The Wall Street Journal has reported:

The Obama administration is lobbying European allies to adopt anticorruption laws that require energy companies to disclose payments to foreign governments, officials said. The effort builds on White House support for a controversial U.S. law that compels companies listed on U.S. stock exchanges to disclose payments overseas for the “commercial development” of oil, natural gas, or minerals.

To put it another way: Obama backs country-by-country reporting.


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