Trump, Tillerson and the resource curse

Financial Times, Feb 23, 2017
by David Pilling

A few hours after Rex Tillerson was confirmed as US secretary of state this month, he received some excellent news. The House of Representatives voted to nullify a rule that, as head of ExxonMobil, he had vigorously opposed. Known informally as the “publish what you pay” rule, it obliges oil and mining companies to disclose payments they make to foreign states. Scrapping it is a big victory for Big Oil. It is another sign that a Donald Trump presidency means not so much draining the swamp as handing over the swamp to the crocodiles. Please click here to continue reading this article.