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Gold for oil policy at risk of illicit financial flows – ISSER

Reporting Oil and Gas

The Institute of Statistical Social and Economic Research (ISSER) warns that the government’s ‘Gold for Oil’ policy, designed to tackle the foreign exchange demands of oil importers, is susceptible to Illicit Financial Flows (IFF). These factors, he asserted, create opportunities for illicit financial flows.

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Fifth Circuit Rejects EPA’s Overreaching on CAA and MBTA

The Energy Law

In what may be considered a warning shot to overzealous federal prosecutors looking to obtain criminal convictions under the Clean Air Act (“CAA”) or the Migratory Bird Treaty Act (“MBTA”), the Court of Appeals reversed criminal convictions against Citgo related to violations of both Acts at its Corpus Christi refinery.

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Louisiana Legislature Modifies Oilfield Cleanup Legislation

The Energy Law

By Rob McNeal Updated June 15, 2012 Significant revisions and amendments to Louisiana’s oilfield cleanup legislation, La. 30:29 (commonly known as Act 312) obtained final legislative approval on May 31, 2012 and are expected to become law shortly. It creates a procedure for environmental management orders “EMO”’s) in legacy litigation.

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