The American Petroleum Institute has canceled its request that House lawmakers attach an exemption to the Dodd-Frank law in a bill that would implement an offshore-drilling pact between the U.S. and Mexico. The group had sought a waiver for the industry from a requirement that payments to foreign governments be disclosed. "We are urging the transboundary agreement to get passed by both sides. I think the cleanest way you would see that occur is through a bill that doesn't have the ... [waiver] attached to it," said Erik Milito, API's upstream director.
Published in Brief: