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Friday, February 15, 2013
Bad suit The Daily Guide reports that the Africa Centre for Energy Policy is speaking out against efforts by industry lobby groups to get around new US transparency requirements for oil, gas and mining companies operating abroad:In a press release issued recently in Accra and signed by Mohammed Amin Adam, its Executive Director, ACEP said the suit is a betrayal of the move for global transparency in the oil and gas industry by well meaning global citizens and governments.‘We, in Africa, received the news of the issuance of regulations to back the implementation of the Dodd Frank Transparency reforms with great joy because we believe that it would expose corruption and mismanagement of natural resources on our continent.’ …‘It is against this background that ACEP calls on Anadarko, Hess Corporation and Kosmos Energy, who are operating in Ghana, to dissociate themselves from the legal suit by the [American Petroleum Institute] and instead support efforts at enhancing transparency and accountability in the global oil and gas industry,’ it stated.”
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