Warren drags Tillerson into fight over SEC rule

Sen. Elizabeth Warren (D-Mass.) blasted Secretary of State Rex Tillerson on Thursday, criticizing his past lobbying efforts to exclude Exxon Mobil from a rule that would require it to disclose payments to foreign governments.

“[A] handful of powerful oil and gas companies have been after this requirement from the start — and Exxon is at the top of that list,” Warren said on the Senate floor, as she spoke in opposition of the GOP effort to repeal Securities and Exchange Commission’s extraction rule.

“In fact, Rex Tillerson, the CEO of Exxon at the time, personally lobbied against the requirement in 2010. His reason? The foreign payments rule would undermine Exxon’s ability to do business in Russia,” she said.

Tillerson’s business connections with Russia have been a challenging obstacle for the former Exxon chief executive during his contentious confirmation fight in the Senate. He was confirmed Thursday.
Multiple high-ranking Democrats have questioned Tillerson’s integrity, and expressed doubt about his abilities to genuinely represent the interests of the United States on the world stage in light of his business record. He received three confirmation votes from Democrats: Sens. Mark Warner (Va.), Heidi Heitkamp(N.D.) and Joe Manchin (W.Va.).

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