Attempt to prevent misappropriation of proceeds from drilling, mining and logging rights delayed by US lawsuit and opposition from multinationals
US efforts to help mineral-rich countries shake off the “resource curse” have been delayed for five years by the oil industry’s vigorous resistance, campaigners warn.
Five years ago this week, President Obama signed the Dodd-Frank Act, a little-known feature of which was section 1504, targeting corruption in the global oil, gas and mining industries.