The oil industry files a lawsuit to overturn a U.S. rule mandating companies disclose payments...

|By:, SA News Editor

The oil industry files a lawsuit to overturn a U.S. rule mandating companies disclose payments to foreign governments, arguing the information hurts their competitiveness, WSJ reports. The companies say the SEC went beyond its authority and what was necessary to support transparency when it adopted the rule, ignoring their suggestions for limiting its cost.