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Exxon Mobil Corporation Message Board

  • bluecheese4u bluecheese4u Jun 20, 2013 1:46 PM Flag

    Murkowski, Wyden weigh path forward for US-Mexico drilling agreement

    Murkowski, Wyden weigh path forward for US-Mexico drilling agreement

    By Ben Geman - 06/20/13 10:53 AM ET

    A House-Senate collision over competing bills to implement a 2012 U.S.-Mexico pact on Gulf of Mexico drilling cooperation is getting closer to coming to a head.

    Sen. Lisa Murkowski (R-Alaska) said she spoke Wednesday with Senate Energy and Natural Resources Committee Chairman Ron Wyden (D-Ore.) about the path forward for their bill to implement the Transboundary Hydrocarbon Agreement.

    “I think both of us share the desire to help advance that and as with everything it is figuring out when we do it,” she told The Hill in the Capitol on Wednesday.

    Rep. Jeff Duncan (R-S.C.), a lead sponsor of the House version of the bill, said it could come to the House floor next week, according to a report Wednesday in Environment and Energy Daily.

    But there's a huge difference between the bills.

    The Senate bill does not contain a House provision that exempts oil companies operating under the pact from controversial Dodd-Frank rules that force energy producers to disclose their payments to foreign governments.

    “We are kind of looking at it and saying, ‘that is a provision that really doesn’t need to be in the bill,’ ” Murkowski said.

    Click here for much more about the House version of the bill to implement the U.S.-Mexico pact.

    The 2012 agreement the Obama administration reached with Mexico, which has support from Republicans, is aimed at fostering oil-and-gas development along a maritime boundary in the Gulf of Mexico.

    Murkowski said she wants to learn from House lawmakers whether the exemption from the Dodd-Frank rules is a “must have” for them, or instead a “nice to have.”

    House Republicans and oil industry representatives say the Dodd-Frank disclosure exemption is needed to prevent a collision with confidentiality provisions in the U.S.-Mexico accord.

    But backers of the Dodd-Frank rules dispute the claims and have expressed concern that the House provision

 
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