The U.S. Court of Appeals for the District of Columbia Circuit on Friday dismissed an oil industry lawsuit against the Securities and Exchange Commission that sought to overturn rulemaking requiring companies to disclose payments made to governments for oil, gas and mineral extraction rights.
The unanimous decision by a three-judge panel was issued on Friday afternoon. Meanwhile, as the case now heads to a lower court, Congress is considering a bill that would exempt oil and gas companies that drill in Mexico from the disclosure requirement.
