This is the third year for proposals about corporate compliance with a new standard on tax compliance issued by the Global Reporting Initiative. The resolution has earned support in the mid-teens since its introduction, in a campaign led by Oxfam America. It has been resubmitted at Chevron, ConocoPhillips and ExxonMobil, with a new recipient added this year—Kosmos Energy.

The proposal asks, as it did last year, for “a tax transparency report to shareholders…prepared in consideration of the indicators and guidelines set forth in the Global Reporting Initiative’s (GRI) Tax Standard.” The resolution notes that when companies shift their profits offshore, it costs the U.S. government up to $100 billion a year, and that the Organization for Economic Cooperation and Development (OECD) estimates global costs may be $240 billion. The Global Reporting Initiative seeks to address the problem.

SEC action: ConocoPhillips is arguing that it was submitted too late, while ExxonMobil says complying with the proposal would reveal competitive information, making it ordinary business.