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Big Oil bracing for fight to keep payments hidden

Washington a Big energy companies are bracing for the next round in their fight to stop U.S. regulators from making them reveal what they pay foreign governments for rights to extract oil, gas and minerals. The Securities and Exchange Commission is planning to vote as soon as Dec. 11 on a revised proposal for addressing a Dodd- Frank Act requirement that firms whose shares trade in the United States publicly report payments such as taxes, royalties and other fees, according to two people familiar with the matter.

via Oil & Gas News