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The Trump administration said it will exit a global anti-corruption effort that compels oil, gas and mining companies to disclose the payments they give governments worldwide.The decision follows a long lobbying battle waged by the American Petroleum Institute, ExxonMobil Corp. and Chevron Corp. against a related regulation compelling U.S. energy and mining companies to disclose those payments.Foreign-based companies such as Royal Dutch Shell PLC, Statoil ASA, Total SA and BP PLC disclosed their tax payments, as required under the laws of their home countries.But at least three big U.S.-based oil companies didn't disclose their tax payments: Chevron, ConocoPhillips and Exxon. Chevron spokeswoman Melissa Ritchie said the company has been committed to the U.S. effort since its inception. Exxon, Chevron and API all have members on the broad stakeholder group guiding the U.S. effort.Nothing in U.S. law precludes oil, gas or mining companies from voluntarily disclosing their tax or royalty payments, and some foreign subsidiaries of U.S. energy companies are already doing that.
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