IG Report Ignores Industry Actions and Process Challenges That Threaten Transparency Initiative On June 7 and 8, the U.S. Department of the Interior was to host the twentieth meeting of a multi-stakeholder group (MSG) focused on increasing transparency in this country’s oil and mining sector through implementation of the Extractive Industries Transparency Initiative (EITI) Standard. Those meetings did not happen….
By Joseph Williams, Natural Resource Governance Institute This post originally appeared on www.resourcegovernance.org on June 13, 2017 Statoil became the first companyto report under a mandatory payment disclosure regime in early 2015, undermining U.S. oil lobby arguments. Shell, which had fought so vigorously against project-level payment disclosure laws, published its first payments to governments report under U.K. law in April…
Hundreds of oil, gas and mining companies have now reported their payments to governments, as required by the Canadian Extractive Sector Transparency Measures Act (ESTMA). Citizens now have access to a massive pool of previously hidden payment data that can help fuel their efforts to hold governments and companies accountable for how their natural resources are managed. The hundreds of…
A guest blog by Eleni Chatzivgeri, Lynsie Chew, Louise Crawford, Martyn Gordon and Jim Haslam. This post originally appeared on the Publish What You Pay International Secretariat blog on June 6, 2017 The new mandatory rules for large and publicly listed extractive companies according to the EU Accounting Directive (transposed as UK SI 3209) represent a significant step forward in…
Read the full post on Extract-A-Fact By David Mihalyi, Natural Resource Governance InstituteThis post originally appeared on www.resourcegovernance.org on May 15, 2017 Tullow’s first year of reporting coincides with first oil from the Jubilee field in 2011. Recently released reporting for 2016 corresponds to production at TEN. This six-year span was particularly volatile: Ghana’s oil sector grew rapidly and was…