More corporate First Amendment Rights?
Via Truthout comes this report from PR Watch:
In a new lawsuit against the Securities and Exchange Commission (SEC), big energy extractors are pushing for carte blanche in their interactions with foreign governments, making it harder to track whether their deals are padding the coffers of dictators, warlords, or crony capitalists. The United States Chamber of Commerce, American Petroleum Institute, the Independent Petroleum Association of America, and the National Foreign Trade Council filed a lawsuit on October 10, 2012 against a new SEC rule, which requires U.S. oil, mining and gas companies to formally disclose payments made to foreign governments as part of their annual SEC reporting.
Chamber of Commerce National Chamber Litigation Center quote says:
On October 10, 2012, the Chamber and its association partners filed a complaint with the U.S. District Court for the District of Columbia and a petition for review with the U.S. Court of Appeals for the D.C. Circuit, charging that the rule violates the First Amendment, the Administrative Procedure Act (APA), and the Exchange Act of 1934. The lawsuits allege that the SEC failed to conduct an adequate cost-benefit analysis as required by law, that the SEC grossly misinterpreted its statutory mandate to make a “compilation” of information available to the public, and that the regulation is incompatible with the First Amendment.
Dictators, warlords, royals, or cronies as long as there is a buck to be made and a bank to hide money from the IRS, who cares if they run death squads or ravish the earth.
I wonder if the s.e.c. will also expose the crony capitalists in the obama administration.the green energy co. like al gore who got 4 billion in stimulus money from obama.
I wonder if David has a cite from someone not on Mr. Murdoch’s payroll. Ok I actually don’t.
I wonder where David got the 4 billion figure?
4 billion is ridiculous. Gore is currently “worth” maybe 100 million. Mainly this decade…but from Obama? Phooey….lots of opportunities exist all over the world.
And what does that have to do with multi national first amendment rights? I would love to get a real reaction to the issue and not an election year snark.