Revealed: The Billions Big Oil Didn't Want You to See

For the first time, U.S.-listed mining, oil and gas companies are required to publicly disclose the payments they make to governments in the countries where they operate. After over a decade of legal and regulatory battles following the passage of Section 1504 of the Dodd-Frank Act, these payments will now be publicly available. These disclosures mark a turning point in the global push for corporate accountability and transparency.

Oxfam America, The One Campaign, EarthRights International, the Natural Resource Governance Institute and the FACT Coalition convened an online event to explore the far-reaching implications of this historic victory. 

Panelists discussed how these disclosures provide a crucial tool for civil society to hold governments accountable, fighting the so-called "resource curse" that affects nations rich in natural resources.

Key topics

• Unveiling the numbers: Learn how U.S. oil, gas and mining giants—and their smaller U.S.-listed peers—are making payments to governments, what kind of data is being disclosed and how these figures will empower civil society in mineral-rich countries.
• The fight for transparency: Understand the legal battle between Oxfam America, the American Petroleum Institute, and the U.S. Securities and Exchange Commission (SEC), and the multi-decade advocacy by Publish What You Pay activists and allies to bring these disclosures to light.
• Global case studies: Discover how similar extractive industries' payments-to-government transparency laws in other countries and voluntary disclosures have been used to challenge corruption and demand accountability.
• What’s next: Gain insights on how this information could reshape governance in resource-rich countries and the fight for economic justice.

Participants gained access to first-hand insights from advocacy experts and case studies from across the globe. 

Featuring

• Sen. Ben Cardin, Senior Senator, Maryland, U.S.
• Tawanda Mutasah, Vice-President, Global Partnerships and Impact, Oxfam America
• Alex Gillies, Director, Global Anti-Corruption Consortium
• Tutu Allicante, Magnitsky Award winner and founder of EG Justice
• Simon Taylor, Co-Founder, Global Witness
• Zorka Milin, Policy Director, FACT Coalition