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.
Resource-rich Latin American countries did experience high rates of economic growth and diminished poverty and inequality during the boom years. On the surface, this would appear to strengthen arguments that extractive industries are key to progress, especially in resource-rich areas, despite their negative environmental impact. Nevertheless, a closer look shows that things are a bit more complicated.
What’s next for Latin American civil society as the supercycle of high commodity prices recedes in the rear-view mirror? And what are the most interesting trends in the extractives sector in the region?
Many national governments in Latin America have been sharing mining and hydrocarbon revenues with subnational authorities for years. In some of these countries, the amount shared is quite significant. But what are the most effective models?
With a few days to go before the national election, gas policy is at the center of the Peruvian political conversation. The focus is on contracts signed by the Peruvian government and a consortium in 2004 regarding Camisea, the country’s largest natural gas reserve.