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“Managed properly, Oxfam argues, revenues generated from the oil industry could dramatically reduce poverty while improving education, health care, and agriculture. In fact, the estimated $1.55 trillion represents five times the existing funding gap for 42 of the world’s poorest countries in both education and health, according to the report.” (D. Fulton-Common Dreams, 7-15-15, Read article below.)

And, this would go far in stopping the migration crises, as would a cessation of land-grabs related to the extractive industries and agribusiness. This is true for Africa, Latin America and elsewhere.

After 6 years of foot-dragging, the Cardin-Lugar provision, Section 1504 of Dodd Frank (2010), was finally implemented last year, only to be overturned by the US Congress a few days ago! Former Exxon Mobil CEO Rex Tillerson, now US Secretary of State, went to Washington to testify against the Cardin-Lugar provision. He didn’t want transparency-accountability.

From Common Dreams:
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