Trump Withdraws U.S. International Treaty To Fight Oil And Gas Corruption

President Donald Trump has withdrawn the United States from an international treaty meant to fight corruption associated with the oil and gas industry. (photo credit: Kremlin)

President Donald Trump has withdrawn the United States from an international treaty meant to fight corruption associated with the oil and gas industry.

The United States has withdrawn as an implementing country from the Extractive Industries Transparency Initiative (EITI), an international effort to fight corruption in managing revenues from oil, gas and mineral extraction.

Politicians and non-profits have condemned the move.

U.S. officials are “encouraging other countries to implement EITI but as of today are refusing to do it themselves,” said Alexandra Gillies, an adviser at the Natural Resource Governance Institute. “It’s very disappointing. It sends such a terrible signal overseas for what we stand for.”

It was a bipartisan effort to join EITI.

Senator Ben Cardin, ranking Democrat on the Foreign Relations Committee, worked closely with Dick Lugar, a Republican and former chairman of the Senate Foreign Relations Committee, to help ensure that the United States became an implementing country of the EITI.

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Lauraapollo
Lauraapollo

How does this tie in with his pleas to Have ARAMCO Deal on NYSE? How's he make money off of this cluster FK shit show?