Trump Repeals Obama Energy Regulation

The video discusses a new anti-corruption rule requiring companies to disclose payments to foreign governments, modeled after EU and UK regulations. It aims to increase transparency and accountability. However, major oil companies like Exxon and Chevron oppose it, arguing it puts them at a competitive disadvantage by revealing sensitive investment information. The rule includes disclosing payments like taxes and bonuses, which companies prefer to keep private. Congress, siding with oil companies, passed a resolution to overturn the rule, which President Trump signed.

What is the primary goal of the anti-corruption rule discussed in the video?

• To increase taxes on foreign companies

• To ensure transparency in payments to foreign governments

• To reduce oil prices

• To promote international trade

Which entities have lobbied against the anti-corruption rule?

• Oil companies like Exxon and Chevron

• Technology companies

• Environmental groups

• Foreign governments

What action did Congress take regarding the anti-corruption rule?

• They strengthened the rule

• They delayed its implementation

• They ignored the rule

• They passed a resolution to overturn it

Why do energy companies argue that the rule is competitively disadvantageous?

• It increases their tax burden

• It forces them to disclose sensitive financial information

• It limits their ability to invest in renewable energy

• It requires them to hire more employees

What type of information do companies prefer to keep private, according to their argument?

• Environmental impact reports

• Marketing strategies

• Employee salaries

• Proprietary investment details