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Energy and Environment

US withdraws from global oil anti-corruption pact

By John Siciliano
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US withdraws from global oil anti-corruption pact

The Interior Department alerted the head of a 52-nation anti-corruption pact on Thursday that the U.S. will pull out of the organization, citing U.S. law.

Critics, meanwhile, contended the move is a favor to large oil companies such as ExxonMobil that don’t want others to know about their taxes.

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Chevron Corruption ExxonMobil Interior John Siciliano Oil Transparency