If member countries of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting adopt this proposal, they should exempt extractive industries so as to protect the legitimate interests of resource-exporting countries.
One of the drivers of the Extractive Industries Transparency Initiative's inception over fifteen years ago was the need to address corruption. Here, NRGI president and CEO Daniel Kaufmann offers evidence-based ideas for how EITI can better meet that goal.
In June 2018, the fictional country of Petronia, which serves as the namesake setting of a first-of-its-kind online interactive course on resource governance, made a potentially transformative oil discovery.
NRGI staff invite comment on a new draft consultation briefing about the Extractive Industries Transparency Initiative (EITI) encouragement of “mainstreaming,” which involves a transition away from standalone EITI reports toward meeting EITI requirements through routine and publicly accessible government and company reporting.
A BBC investigation has concluded that a recent oil deal in Senegal showed signs of the potential for controversy and possible corruption. As a result, a businessman dogged by ethics questions will walk away with hundreds of millions. What can we learn from this unfortunate turn of events?
At the formal launch of the ResourceContracts.mn contracts portal on 22 April, Mongolia’s deputy minister of mines and heavy industry reaffirmed the country’s commitment to publishing mining and petroleum contracts and announced the public release of over 150 new contracts. After several years of stuttering progress on contract transparency in Mongolia, this is welcome news.
Some oil, gas and mining companies reporting their payments to governments under U.K. law have omitted important elements. Publish What You Pay and NRGI have raised concerns around the omissions, and authorties are taking action.