DAKAR – Civil society protests stalled confirmation of a new EITI Board in Dakar, forcing companies to reach an agreement with civil society. Civil society agreed to confirm the new Board if companies agreed to require ExxonMobil to publish its project-level payments-to-governments data in all countries of operation in a short, fixed period, in line with the EITI Company Expectations….
This post originally appeared on Oxfam America’s Politics of Poverty blog. By Aubrey Menard, Oxfam America’s Senior Policy Advisor for Extractive Industries Transparency, and Daniel Mulé, Policy Lead, Extractive Industries Tax and Transparency For over a year, the global Extractive Industries Transparency Initiative (EITI)—a multi-stakeholder organization promoting good governance in oil, gas, and mining—has struggled to hold its supporting companies…
In a familiar pattern, the EITI Board punted substantive discussions about holding supporting companies accountable to its 2022 Board meeting. The Extractive Industries Transparency Initiative’s (EITI) fall Board meeting concluded today, taking no meaningful action to hold supporting companies accountable for failing to meet core transparency standards. This meeting follows the publication of EITI’s own assessment showing that 23% of…
EITI Board should bar representatives from delinquent companies like Exxon and Chevron from serving on the Board. Today, after months of pressure from PWYP-US, Oxfam America, other allies, and all civil society representatives on its Board, the Extractive Industries Transparency Initiative (EITI) released a key annex underpinning its Assessment of adherence to the Expectations for EITI supporting companies detailing which of its Supporting Companies are failing to meet the…
This post originally appeared on thelugarcenter.org By Jay Branegan The European Union recently released its latest review of the EU version of the Cardin-Lugar legislation that requires oil, gas and mining companies to report their payments to governments. The bottom line: the reporting requirements, which have been in place now for five years, have imposed no competitive harm on the…
Trump’s Securities and Exchange Commission (SEC) Chairman, Jay Clayton today set the world back years in the global effort to tackle oil, gas, and mining sector corruption.
Throughout his career, Senator Lugar was a tireless advocate for fighting global poverty and tackling corruption. The international PWYP family mourns the loss of Senator Lugar and sends our heartfelt condolences to his family, friends and staff.
PWYP-US submitted this letter to the Securities and Exchange Commission’s rulemaking record for its implementing rule for Section 1504 of the Dodd-Frank Act.
In 2010, in an effort to empower citizens, better protect and inform investors, reverse the resource curse, and strengthen U.S. national and energy security, Senator Patrick Leahy (D-VT) introduced the Cardin-Lugar Amendment to the Dodd-Frank Act of 2010 (Section 1504). The Securities and Exchange Commission released strong, fair final rules in June 2016. The June 2016 rule was repealed through…