News: EVENT June 20, 1:00 PM – Oxfam’s Contract Disclosure Survey 2018
June 8, 2018.
Oxfam’s Contract Disclosure Survey 2018:
A review of the contract disclosure policies of 40 oil, gas and mining companies
WASHINGTON DC LAUNCH
WHEN: Wednesday, June 20, 2018 – 1:00 – 3:00pm (EST)
WHERE: Oxfam America office, 1101 17th Street NW, Washington DC
In most countries, subsoil oil, gas, and mining resources are the property of citizens and are managed on their behalf by governments. Oil, gas, and mining projects – and the contracts that govern them – can outlast most governments. Without transparency of these contracts, citizens and oversight institutions cannot guarantee the delivery of the economic benefits or risk mitigation promised in these deals.
What’s at stake? In 2015, oil, gas, and mineral rents totaled an estimated $1.7 trillion globally, comprising approximately 1.7% of global GDP and more than the total GDP of the world’s poorest countries in that same year. Given the stakes, the disclosure of the lucrative deals signed between oil, gas, and mining companies and governments has become an emerging global norm. Despite concerns regarding commercial sensitivity, a number of governments, international financial institutions, and the Extractive Industries Transparency Initiative actively support contract disclosure. While companies have historically been behind the curve, there has been recent progress.
Please join us for a closer look at Oxfam’s Contract Disclosure Survey 2018 , the latest snapshot of the current landscape of corporate policy positions on contract disclosure. Based on a survey of 40 leading oil, gas, and mining companies, the report aims to inform work on contract disclosure and analysis underway by a range of stakeholders, while providing a basis for constructive discussion around this sensitive topic. The event will feature a presentation of the finding and reflections from civil society, investors, international financial institutions, and companies covered in the report.
Isabel Munilla , Policy Lead, Extractive Industries Transparency, Oxfam America (report author)
Charles Wanguhu , Platform Coordinator, Kenya Civil Society Platform on Oil and Gas
Lance Crist, Global Head of Natural Resources, International Finance Corporation
Judy Brown , Chief Adviser, Corporate Relations, Americas, Rio Tinto
Ashok Parameswaran , Founder, Emerging Markets Investor Alliance
Luke Balleny , Manager, Role of Mining and Metals in Society, International Council on Mining and Metals
Moderator : Filmona Hailemichael, Director, Publish What You Pay United States
For more information contact Andrew Bogrand, Senior Communications Advisor, Extractive Industries, Oxfam America.