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Right now the American Petroleum Institute is waging a legal battle in Washington to block key sections of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act– passed by Congress and signed by President Obama– that requires oil companies to divulge what they pay governments.
Some of the same companies supporting the suit, like Chevron, are also say they support the Extractive Industry Transparency Initiative, which is meeting in Sydney this week to promote more disclosure of oil, gas, and mineral resource revenues.
Chevron’s page on the EITI web site says “Chevron believes that the disclosure of revenues received by governments and payments made by extractive industries to governments could lead to improved governance in resource-rich countries. The transparent and accurate accounting of these funds contributes to stable, long-term investment climates, economic growth and the well-being of communities… Our commitment to promoting revenue transparency in (sic) reflected in our participation in the multistakeholder Extractive Industries Transparency Initiative (EITI). Chevron, which continues to support the efforts of the Oslo-based EITI Secretariat, was elected to serve as a full member of the EITI board in 2009.”
OK so we are asking: Does Chevron support resource revenue transparency or not, and if so why has the company not publicly disavowed its support of the API law suit?
Right now we are calling on Chevron, ExxonMobil, BP, and Shell to drop their support of the API suit. You can help: Check out our new video, share it through your social networks, and take the action to call on Big Oil companies to be honest, support resource revenue transparency, and drop the law suit in Washington.