Financial Transparency Coalition

There is big news today on both sides of the Atlantic for campaigners – including ONE – in the Publish What You Pay coalition for transparency in oil, gas and mining. The major Norwegian oil company Statoil has withheld their support from last-ditch attempts to overturn the new US rules on transparency, and a former Shell executive has declared his support for similar laws in Europe.

LONDON - Norwegian state-owned oil company Statoil has formally distanced itself from a U.S. oil industry lawsuit that seeks to scrap a landmark transparency and anti-corruption law established in the United States.