At this time, however, little oversight or transparency exists to
ensure oil profits are spent in a socially and economically responsible manner and there is little insight into the details of leasing arrangements.
«At a time when
oil companies are making
profits of hundreds of millions of dollars a day, we hope they will welcome a bill which would
ensure fair competition with Chinese and other foreign
oil companies,» said Global Witness Policy Adviser Sasha Lezhnev.