EU Disclosure Rule Irrelevant To SEC Rule, API Tells DC Circ.

Law360, Washington (April 19, 2013, 4:53 PM EDT) -- The American Petroleum Institute and U.S. Chamber of Commerce told the D.C. Circuit on Thursday to ignore the European Union's proposal to mirror a Dodd-Frank Act rule requiring that companies disclose payments made to foreign governments for natural gas resources, saying the move is irrelevant to their challenge against the U.S. rule.

Although the EU rule would require large oil, gas, mining and logging companies to disclose any payments over €100,000 ($130,600) made to governments around the world, much like the U.S. Securities and Exchange Commission...
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