U.S. repeal of mining anti-corruption rules will mean Canadian companies will have much tougher reporting guidelines

The repeal of a U.S. anti-corruption “resource extraction rule,” which passed Congress late last week, leaves Canadian companies with much tougher reporting rules than their American peers, putting the two countries on divergent paths.

If and when President Donald Trump signs off, U.S.-listed energy and mining companies will no longer be required to disclose taxes and payments made to governments, a move at odds with rules in 30 other countries.