The voluntary nature of new EITI guidelines means that comprehensive disclosure of detailed information on purchases by traders is unlikely in the near term. Authorities in jurisdictions where commodity traders are based should move to legally require the disclosure of these sizeable payments.
Research for the 2021 edition of NRGI's Resource Governance Index has begun. The index measures the governance of oil, gas and mining sectors in resource-producing countries and provides freely available public data to help inform evidence-based decision-making.
The world’s determination to fight climate change and green the energy mix is a concern for large Middle Eastern oil exporters, which sit on massive proven hydrocarbon reserves. The risk of such assets becoming stranded and losing value is high, with significant consequences for these poorly diversified economies.
The road to oil and gas riches is rapidly narrowing for some new producers. The crash in prices, triggered by the coronavirus pandemic, creates specific challenges for a group of "prospective producer" countries in sub-Saharan Africa.
Extractive sector policies and governance choices are holding back solar and wind projects in many countries. Part of the trouble lies in the shortsighted habits of political decision-making that oil, gas or coal exploitation can foster. Debates about domestic energy use are highly political and can fall prey to narrow agendas.
As the oil, mining and gas sectors suffer the economic consequences of the Covid-19 pandemic, extractive companies may attempt to excuse, delay or otherwise revise their contractual or legal obligations. This post provides guidance for governments of resource-dependent countries on how to prepare to safeguard their industries.
Coronavirus containment measures have hit economies hard—and with them, government revenues. Most natural resource-dependent countries are experiencing a double shock as their main source of foreign currency has crashed along with fiscal revenues.