Later On

A blog written for those whose interests more or less match mine.

Tillerson is already ahead

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From a Kevin Drum post:

. . . Trump hung up on the prime minister of Australia, one of our oldest, closest, and most reliable allies? I don’t have the words. In any case, that’s the leaders of Mexico, Australia, and “other countries” that Trump has apparently insulted on phone calls. I wonder what the body count really is. How many foreign leaders has Trump yelled at so far?

How about Vladimir Putin? Apparently not. In fact, Republicans in Congress are rushing to do a big favor for oil companies that do business in Russia. It all has to do with Section 1504 of the Dodd-Frank financial reform bill, which requires drilling and mining companies to disclose any payments they make to foreign governments. Back in 2010, ExxonMobil CEO Rex Tillerson—now our Secretary of State—opposed this provision. Here is Michael Grunwald in Politico:

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.

This is likely to be the very first bill that Congress sends to Trump’s desk: a big wet kiss to oil companies and Vladimir Putin. It’s nice to know that we have our priorities straight.

Written by LeisureGuy

1 February 2017 at 7:08 pm

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