A U.S. circuit court of appeals last week told the oil industry it couldn’t pursue a case on disclosure rules at the appellate level. President Barack Obama’s government has supported provisions under the 2010 Dodd-Frank financial reform measure that require oil companies to divulge what they pay to foreign governments. Last week, the House of Representatives pushed legislation that would exempt oil companies from the provision while working along the U.S.-Mexico maritime border. The Senate countered with its own measure that doesn’t include the protection, however. This week, Obama heads to Mexico City to meet Mexican President Enrique Pena Nieto. With a series of legislative obstacles, it may require quite an effort to carry the energy independence load across the Rio Grande.
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