Lifting the Veil on Tens of Billions in Oil Company Payments to Governments

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New reports to the Securities and Exchange Commission reveal payments around the globe. One takeaway? The U.S. government might be getting a bad deal.

Tutu Alicante was studying in the United States when his sister, suffering from an ectopic pregnancy, was rushed to the hospital back home in Equatorial Guinea. It was 1996, a year after Mobil had discovered oil off the country’s coast. When she arrived at the hospital, Alicante recounted recently, there was no power and no doctor. His sister bled to death.

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