Inaction by the Board equates to a vote of no-confidence in the spirit and letter of the EITI Standard itself.
ExxonMobil and Chevron should report in the US as they have reported in other EITI countries, and as other EITI implementing companies have reported in the US and around the world.
The statement was published on the Extractive Industries Transparency Initiative website on May 30, 2018.
This page serves as a public record of the background and evidence of the civil society complaint, as well as how the grievance process is being executed by the EITI Secretariat.
Despite U.S. anti-bribery legislation, corruption by U.S.-listed oil and mining companies continues to occur as revealed by an investigation by Publish What You Pay coalition member Global Witness.
One year ago today, President Trump signed away U.S. leadership in the global effort to combat corruption by rolling back a critical oil transparency rule.
From its founding, the EITI and its Standard have required comprehensive disclosure of material payments from companies to governments, including taxes.
The groundbreaking anti-corruption law, the Cardin-Lugar provision of the Dodd Frank Act, is currently under threat of repeal. This law allows citizens in resource rich countries to ‘follow the money’ and hold their governments accountable for graft, waste and abuse.