“Publish Your Plans” provides a guide for what oil and gas companies must disclose in their energy transition plans to effectively mitigate the climate damage of fossil fuels production and use. To date, not a single major fossil fuel company has published an adequate plan for a lower-carbon future. June 27, 2023 (Washington, DC) – Today Publish What You Pay –…
DOWNLOADS Full version (English) / Abbreviated version (English) Versión completa (Español) / Versión abreviada (Español) Version complète (Français) / Version abrégée (Français) PWYP-US press release (English) This first-of-its-kind handbook is a blueprint for how the oil and gas sector should plan for the energy transition and includes recommendations for specific disclosures oil and gas companies must make to inform a…
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 Tim Hirschel-Burns, Yale Law School Bernstein International Human Rights Fellow on Oxfam America’s Extractive Industries Team US companies have resisted the public country-by-country reporting of key financial information that is necessary for adequate tax transparency. Hess and Newmont’s announcements show that US companies are finally catching up with…
New global registry highlights urgent need for EITI action to inform a just energy transition This week, the Carbon Tracker Initiative launched its Global Registry of Fossil Fuels, a timely and much-needed resource that tracks global fossil fuel production. The Registry’s data covers 75 percent of the world’s fossil fuel production and allows users to assess the impacts of continued…
Today, after a vote of 3 to 1, the U.S. Securities and Exchange Commission (SEC) released its proposed rule for climate-risk disclosure. This rulemaking is a critical opportunity to ensure publicly-listed companies disclose information about climate-related financial risks and their strategy to manage these risks responsibly. Below is a statement from Carly Oboth, Director of Publish What You Pay –…
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 statement originally appeared on the EITI’s website. The international EITI Board met on 30 June to consider a complaint raised by Publish What You Pay–United States (PWYP-US) – concerning the activities of an alternate Board member from the oil and gas sub-constituency of EITI supporting companies. Civil society representatives on the EITI Board issued the statement below on 9 July,…
FOR IMMEDIATE RELEASE July 1, 2021 (Washington, DC) Following yesterday’s extraordinary board meeting of the Extractive Industries Transparency Initiative (EITI) to discuss the complaint that Publish What You Pay-United States (PWYP-US) filed against Exxon lobbyist Matthew Gobush, EITI Chair Helen Clark released a statement formally closing the complaint. While Chair Clark’s statement acknowledges that Gobush’s actions highlight an “underlying concern” about EITI-implementing countries compliance with…