sharing in governance of extractive industries
The below is based on a speech given by Fredrik Reinfeldt, Chair of the EITI, at the EITI Board meeting side event on contract transparency in Berlin June 2018.
In 2013, the EITI Standard started to encourage contracts to be disclosed. Contracts, it is worth reminding ourselves, are legal documents that governments enter into on behalf of their people. Experience has shown that in many cases, in particular in countries…Continue
Added by EITI on June 29, 2018 at 13:57 — No Comments
The EITI Board today approved the Netherlands’ application to join the EITI.
The Netherlands has been closely involved with the EITI since its inception, and has now made the transition to being both a ‘supporting’ and ‘implementing’ country.
The Netherlands’ admission to the EITI is timely, as it faces changing circumstances in its gas sector. The Groningen gas field in the north-east was discovered in 1959, and is one of the largest gas fields in the world. The…Continue
Added by EITI on June 29, 2018 at 13:49 — No Comments
EITI-Colombia has published verified revenue information, shone a light on revenue distribution to regions and started to tackle challenges in environmental regulations.
Colombia was assessed today as the first country in the Americas to meet all the requirements of the EITI Standard. The EITI Board reached that decision in its meeting in Berlin today. The Board found that Colombia had demonstrated satisfactory progress in all requirements of the EITI Standard.
Added by EITI on June 29, 2018 at 13:47 — No Comments
Q&A with Rio Tinto: the first mining company to adopt contract transparency policy
Mining giant Rio Tinto was the first major mining companies to announce that they will support the public disclosure by countries of their mining contracts and licenses. By coming out in favour of contract transparency, the company is joining ranks with Total, as well as smaller oil companies Kosmos Energy and Tullow Oil. In a statement, EITI Chair, Fredrik Reinfeldt “welcomed…Continue
Added by EITI on June 27, 2018 at 13:30 — No Comments
Written by Gay Ordenes
While preparing for the Beneficial Ownership Global Conference that the EITI organised with the government of Indonesia in Jakarta last year, I witnessed how the discussion on ownership transparency started to gain traction. The Panama leaks had sparked a global debate on ownership transparency, Indonesia was due for its …Continue
Added by EITI on June 15, 2018 at 14:58 — No Comments
North Sea production and revenues rise for the first time in three years
The United Kingdom is the world’s 22nd largest producer of oil and gas. In addition, it produces small amounts of coal, industrial materials such as kaolin and potash, and construction materials. Overall, the extractives sector contributed a gross value-added of almost USD 30 bn to the UK economy in 2016. According to the UK Office for National Statistics, 35,500 people are directly employed in the…Continue
Added by EITI on June 10, 2018 at 13:00 — No Comments
As oil prices reach 2014 levels, Nigerians wonder whether they are better placed to take advantage of future commodity booms.
The fall in commodity prices impeded growth in African countries, decelerating the pace of economic expansion in the continent to levels not seen since 2009. Higher oil prices are expected to provide some respite,…Continue
Added by EITI on June 6, 2018 at 13:00 — No Comments
The 2016 report confirms Trinidad and Tobago’s sharp decline in extractives revenues and draws attention to areas of concern including unpaid transfer licenses fees, unpaid payments from quarries, weak auditing practices in companies and government agencies, and poor production data.
On 11 May, Trinidad and Tobago (T&T)’s EITI published its …Continue
Added by EITI on June 5, 2018 at 10:40 — No Comments
Establishing an evidence-based approach to reforms, in a land where rumours are rife.
In Albania, citizens are unaware of how much extractive companies have been paying and contributing to local communities.
EITI reporting revealed local government units (LGUs) have often not been receiving their statutory share of royalties. In the past, the transfer of 25% of royalties to LGUs was contingent on LGUs receiving 120% of their budgeted local taxes. This was nearly…Continue
Added by EITI on June 1, 2018 at 9:28 — No Comments
Written by Tina Pimentel
In the Philippines, communities can be involved in developing social and community programs with extractive companies' support, such as the construction of schools, hospitals and roads. Communities are then involved in monitoring the terms of contracts and…Continue
Added by EITI on May 28, 2018 at 13:11 — No Comments
Jonas is the first Executive Director of the EITI. He established the EITI International Secretariat in Oslo. The International Secretariat supports the implementation of the EITI across the world. Prior to the EITI, governments and companies did not regularly disclose revenues. Since its inception, USD 2.4 trillion has been disclosed by EITI countries along with other information about the governance of the whole extractives sector in over 50 countries.
Added by EITI on May 23, 2018 at 13:00 — No Comments
Written by Christoffer Claussen, Technical Officer at the International Secretariat
Nigeria EITI’s (NEITI) stakeholder workshop held in Abuja in May confirmed the trend towards disclosure by governments and companies, rather than through data collected by a third party. Transparency is becoming more automatic and widespread in Nigeria’s extractive extractives sector. This has implications for NEITI’s…Continue
Added by EITI on May 16, 2018 at 11:30 — No Comments
The Board welcomed Senegal’s fast pace and innovative EITI implementation
8 May 2018 - The international EITI Board today welcomed Senegal’s progress in using the EITI to drive government reforms and generate a vibrant public debate on the nascent extractives sector. The Board concluded that the country had made satisfactory progress in meeting EITI requirements, making Senegal the first country in Africa and the fourth EITI implementing country…Continue
Added by EITI on May 10, 2018 at 13:00 — No Comments
Yellow: OGP Countries, blue: EITI countries, purple: EITI-OGP countries.
Since its inception, the Open Government Partnership (OGP) has encouraged its resource-rich members to commit to joining the EITI. NRGI carried out a review of commitments made under…Continue
Added by EITI on May 8, 2018 at 9:49 — No Comments
On 1 May, the UK parliament voted to accept an amendment to the sanctions and anti-money laundering bill on Tuesday that requires the UK’s overseas territories to publish public registers of company ownership by the end of 2020. The territories include Anguilla, Bermuda, British…Continue
Added by EITI on May 7, 2018 at 9:30 — No Comments
The French oil company Total becomes one of the first major oil companies to announce that they will advocate for the public disclosure by countries of their petroleum contracts and licenses. By coming out in favour of contract transparency, the company is joining ranks with mining giant Rio Tinto, as well as smaller oil companies Kosmos Energy and Tullow Oil. In a statement, EITI Chair, Fredrik Reinfeld…Continue
Added by EITI on April 11, 2018 at 12:57 — No Comments
Faces of transparency: an EITI blog series.
I have been a member of the EITI Executive Committee from its creation in 2007 until today. Over the last ten years I have participated regularly in our multi-stakeholder dialogue and have witnessed DRC EITI grow from strength to strength as it has…Continue
Added by EITI on March 21, 2018 at 12:24 — No Comments
Ecuador highlights desire for responsible mining
On 5 March Ecuador’s Mining Minister Rebeca Illescas committed to implement the EITI Standard. The commitment was made at “Ecuador Day” at the PDAC in Toronto on 5 March. Minister Illescas stressed that joining the EITI is “ very important for the…Continue
Written by Ines Schjolberg Marques
How stakeholders from government, civil society and industry worked together to make contract disclosure a reality.
Last month, Ghana launched its new petroleum register, which…Continue
Added by EITI on March 9, 2018 at 17:00 — No Comments
Seven suggestions to support women’s leadership in the extractive sectors.
Have you ever noticed that you are the only female sitting at the table?
In some countries, this is quite glaring, especially when having a conversation about the…Continue
Added by EITI on March 8, 2018 at 17:00 — No Comments