This post originally appeared on www.publishwhatyoupay.org In 2010, President Obama signed into law the Dodd-Frank Act, section 1504 of which obliges all extractive companies listed in the US to publicly disclose the payments they make to governments around the world. Five years on, despite inspiring similar legislation by other jurisdictions around the world, this law has yet to come into…
CSOs Put Limited Data to Good Use, Call for Project-Level Reporting What most profoundly distinguishes American Petroleum Institute (API) from civil society organizations in resource-rich countries working to make a more transparent and accountable extractives sector? (Hint: the answer we’re looking for is not “the ability to pay for an army of high-priced lawyers” – although that works too.) Put…
This post originally appeared on Oxfam’s Politics of Poverty blog. I thought I had heard every possible doomsday scenario guaranteed to result from greater transparency in the extractives sector in the nearly four years since President Obama signed the Dodd-Frank Act into law. It appears I was wrong. The WSJ’s reasoning was essentially this: by requiring oil, gas and mining…