Next week, government representatives from the 52 implementing countries will meet in Jakarta at the Opening Up Ownership Conference to discuss the state of play on beneficial ownership transparency in the extractive sector.
NRGI set out to collect total oil, gas and mining revenue data for the countries included in the Resource Governance Index to find out how many dollars flow to governments that mismanage the handling of their natural resources.
While there are potential benefits to increased value addition in Tanzania’s minerals sector, the current policy may or may not achieve the intended impact. There are a number of factors that government officials should consider as they plan implementation of this policy.
As Indonesians debate the best means for reinvigorating the country’s oil and gas sector, recent policy announcements have amplified a long-standing question: What kind of state oil company does the country need?
In most countries, national governments negotiate extraction contracts with companies and collect the revenues, but it is those closest to the extraction site that see their physical and economic landscape change most dramatically.
There are local innovations to reverse or prevent the resource curse in localities. But in a unitary state like Indonesia, the role of the central government is indispensable in supporting policy innovations and providing guidance to make sure that extractive resources are turned into sustainable development.
We know how critical the natural resource sector can be for a country’s development. However, only about 10% of OGP commitments relate to natural resources. The drafting of new national action plans (NAPs) by June offers a unique opportunity to increase commitment to good governance of the oil, gas, mining and forestry industries. The OGP Openness in Natural Resources Working Group (ONRWG) has come up with three priorities...
The U.S. Securities and Exchange Commission (SEC) should explicitly include payments arising from commodity trading in the final version of the rules implementing Section 1504 of the 2010 Dodd-Frank Act.
While the Indonesian government welcomes Chinese investment, it remains questionable if Asia’s largest economic powerhouse and the world’s largest economy can play by the rules of good governance, social and environmental protection.