Resource management should secure the greatest benefit for citizens through an inclusive and comprehensive national strategy, a clear legal framework, and competent institutions.
Resource governance requires decision makers to be accountable to an informed public.
The government should encourage efficient exploration and production operations, and allocate rights transparently.
Tax regimes and contractual terms should enable the government to realize the full value of its resources consistent with attracting necessary investment, and should be robust to changing circumstances.
The government should pursue opportunities for local benefits, and account for, mitigate and offset the environmental and social costs of resource projects.
Nationally owned resource companies should be accountable, with well-defined mandates and an objective of commercial and operational efficiency.
The government should invest revenues to achieve optimal and equitable outcomes, for current and future generations.
The government should smooth domestic spending of revenues to accommodate revenue volatility.
The government should use revenues as an opportunity to increase the efficiency of public spending at the national and sub-national levels.
The government should facilitate private sector investments to diversify the economy and to engage in the extractive industry.
Companies should commit to the highest environmental, social and human rights standards and contribute to sustainable development.
Governments and international organizations should promote an upward harmonization of standards to support sustainable development.