Sunday, July 18, 2010

Cardin-Lugar Transparency Amendment

Click here to read the press release indicating the passage of the Cardin-Lugar Transparency Amendment. Why is this important? Click here to read the One.org blog explaining this. Essentially, the amendment makes it mandatory for all companies listed on the New York Stock Exchange to disclose what they pay foreign governments for extracting oil and gas or mining gold and diamonds. This helps to shed light on the finances of some of the corrupt governments that receive such payments but do not use the payments to help their people.

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