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Oil Majors Rapped Over Secrecy, Corruption WASHINGTON - Leading oil firms impede efforts to stamp out poverty and corruption by shrouding their financial dealings in secrecy, says a global watchdog. Transparency International, in a new report, says Western firms and those from developing countries are similarly opaque when it comes to disclosing their payments to governments in countries where poverty prevails despite an abundance of natural resources.

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Oil Majors Rapped Over Secrecy, Corruption

WASHINGTON - Leading oil firms impede efforts to stamp out poverty and corruption by shrouding their financial dealings in secrecy, says a global watchdog.

Transparency International, in a new report, says Western firms and those from developing countries are similarly opaque when it comes to disclosing their payments to governments in countries where poverty prevails despite an abundance of natural resources.