Big Oil on Edge as U.S. Requires Disclosure

(Washington D.C.)–An intense lobbying campaign is under way as U.S. authorities prepare to implement what are supposed to be investor-friendly laws designed to clarify the global operations of listed oil companies.

Officials at the U.S. Securities and Exchange Commission have been a campaign focus while they work out details of Section 1504, a part of the Dodd-Frank Wall Street Reform Act signed into law in 2010 in an attempt to prevent future global financial crises.