News: Advocating for Contract Disclosure at EITI
February 27, 2019.
Publish What You Pay – US (PWYP-US), along with the global PWYP network, is backing an Extractive Industries Transparency Initiative (EITI) contract disclosure requirement. As leaders within EITI, PWYP-US asks that the US Government also support advancing contract transparency as a requirement within the EITI.
EITI is the multi-stakeholder initiative that sets the global standard for the good governance of oil, gas and mineral resources. At its upcoming 42 nd Board Meeting in Kiev on February 26-28, EITI will be discussing whether to revise the EITI Standard to require the publication of contracts and licenses which provide the terms attached to the exploitation of oil gas and mineral resources. Contracts and licenses are vitally important documents that lie at the heart of several important issues spanning the entire scope of EITI, including exploration and production rights; taxes, transfers and other payments; infrastructure and barter arrangements; and social spending.