If ExxonMobil and Chevron truly support transparency and wish to retain the reputational benefits of leadership in initiatives like the Extractive Industries Transparency Initative, they should support full implementation of Dodd-Frank 1504 in the U.S. (in line with laws in Europe and Canada) and disclose their tax payments in the U.S. and all other countries where they operate.
It is strange that commodities trading payments—often the largest payments companies make to government entities—are not covered by EU, Canada or Norway mandatory disclosure laws. The laws apply only to companies that physically engage in extraction of resources.
NRGI president and CEO Daniel Kaufmann has published a "commodity note" op-ed in the Financial Times regarding the United States government decision to cease its implementation of the Extractive Industries Transparency Initiative.
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.
As the Extractive Industries Transparency Initiative (EITI) board met in Bogotá on International Women’s Day this week, it is a perfect moment to reflect on how mechanisms like the initiative can be better harnessed to empower women’s voices in resource governance.
Hoy es un día importante para la gobernanza de las industrias extractivas. La junta directiva internacional de la Iniciativa para la Transparencia de las Industrias Extractivas (EITI) se reúne en Bogotá, Colombia, para discutir la implementación del requerimiento EITI del 2013 sobre reporte a nivel de proyecto.