The Senate Energy Committee is weighing legislation to
implement a 2012 U.S.-Mexico agreement on offshore drilling cooperation that
has stalled amid House-Senate disagreements. The Energy and Natural Resources
Committee has scheduled an Oct. 1 hearing on dueling House and Senate bills to
implement the Transboundary Hydrocarbon Agreement, a pact to enable cooperation
in development of energy along a Gulf of Mexico maritime boundary.
In June, the House passed an implementing bill that would
exempt companies operating under the U.S.-Mexico pact from Dodd-Frank law
requirements that oil and gas producers disclose payments to foreign
governments.
But the Senate Energy and Natural Resources Committee’s
bipartisan leadership has introduced a version of the implementing bill that
does not contain the Dodd-Frank exemption. The White House has attacked the
House version of the plan.....Read more at
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