Will $14 Billion in Oil Revenues be Used to Fund Corruption?
COP 29 Meeting in Azerbaijan Highlights History of Corruption, Disclosures Provide New Data on Oil Revenue Flows
Following Biden’s Visit, What’s Next for Angola?
The President’s visit to the oil-producing nation comes on the heels of revealing disclosures from U.S. oil, gas, and mining companies.
New handbook calls on fossil fuel companies to publish their energy transition plans
“Publish Your Plans” provides a guide for what oil and gas companies must disclose in their energy transition plans to effectively mitigate the climate damage of fossil fuels production and use. To date, not a single major fossil fuel company has published an adequate plan for a lower-carbon future. June 27, 2023 (Washington, DC) – Today Publish What You Pay –…
PUBLISH YOUR PLANS: The Disclosures Needed to Support a Managed Decline of Oil and Gas Production and an Informed Energy Transition
DOWNLOADS Full version (English) / Abbreviated version (English) Versión completa (Español) / Versión abreviada (Español) Version complète (Français) / Version abrégée (Français) PWYP-US press release (English) This first-of-its-kind handbook is a blueprint for how the oil and gas sector should plan for the energy transition and includes recommendations for specific disclosures oil and gas companies must make to inform a…
EITI confirms ExxonMobil to board; industry watchdogs outraged
DAKAR – Civil society protests stalled confirmation of a new EITI Board in Dakar, forcing companies to reach an agreement with civil society. Civil society agreed to confirm the new Board if companies agreed to require ExxonMobil to publish its project-level payments-to-governments data in all countries of operation in a short, fixed period, in line with the EITI Company Expectations….
Two US Companies commit to Tax Transparency. When will others make the move?
This post originally appeared on Oxfam America’s Politics of Poverty blog. By Tim Hirschel-Burns, Yale Law School Bernstein International Human Rights Fellow on Oxfam America’s Extractive Industries Team US companies have resisted the public country-by-country reporting of key financial information that is necessary for adequate tax transparency. Hess and Newmont’s announcements show that US companies are finally catching up with…
Can transparency help manage the risks posed by the climate crisis?
New global registry highlights urgent need for EITI action to inform a just energy transition This week, the Carbon Tracker Initiative launched its Global Registry of Fossil Fuels, a timely and much-needed resource that tracks global fossil fuel production. The Registry’s data covers 75 percent of the world’s fossil fuel production and allows users to assess the impacts of continued…
PWYP-US welcomes SEC rulemaking as a landmark opportunity for greater transparency on climate-related financial risks
Today, after a vote of 3 to 1, the U.S. Securities and Exchange Commission (SEC) released its proposed rule for climate-risk disclosure. This rulemaking is a critical opportunity to ensure publicly-listed companies disclose information about climate-related financial risks and their strategy to manage these risks responsibly. Below is a statement from Carly Oboth, Director of Publish What You Pay –…
Global Transparency Initiative Concludes Another Board Meeting Without Holding Oil and Gas Companies Accountable
In a familiar pattern, the EITI Board punted substantive discussions about holding supporting companies accountable to its 2022 Board meeting. The Extractive Industries Transparency Initiative’s (EITI) fall Board meeting concluded today, taking no meaningful action to hold supporting companies accountable for failing to meet core transparency standards. This meeting follows the publication of EITI’s own assessment showing that 23% of…
Global Transparency Initiative Names Companies Failing to Meet Disclosure Expectations in line with International Oil, Gas and Mining Standard
EITI Board should bar representatives from delinquent companies like Exxon and Chevron from serving on the Board. Today, after months of pressure from PWYP-US, Oxfam America, other allies, and all civil society representatives on its Board, the Extractive Industries Transparency Initiative (EITI) released a key annex underpinning its Assessment of adherence to the Expectations for EITI supporting companies detailing which of its Supporting Companies are failing to meet the…