PWYP-US welcomes SEC rulemaking as a landmark opportunity for greater transparency on climate-related financial risks

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 –…

EITI makes progress on holding companies accountable, but will it work?

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…

PWYP-US Confirms Carly Oboth as Director

Coalition will benefit from Oboth’s continued leadership and experience as a transparency policy expert, advocate, and campaigner. The Publish What You Pay – United States (PWYP-US) coalition is pleased to announce the selection of Ms. Carly Oboth to lead the coalition as Director. Oboth joined PWYP-US in July 2021 as the Interim Director following the departure of previous coalition Director,…

Global Transparency Initiative Concludes Another Board Meeting Without Holding Oil and Gas Companies Accountable

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…

Global Transparency Initiative Names Companies Failing to Meet Disclosure Expectations in line with International Oil, Gas and Mining Standard

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…

Statement from the Civil Society Representatives on the EITI International Board: Complaint from Publish What You Pay-US

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,…

Global Transparency Initiative Dismisses Formal Complaint Against Exxon

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…

Global Transparency Initiative Fails to Hold Exxon Accountable

PWYP-US will no longer engage with Initiative — Ongoing EITI process must ensure company compliance leading into October board meeting. (Washington, DC) Today, the Board of the Extractive Industries Transparency Initiative (EITI) demonstrated a lack of commitment to holding its board members accountable by refusing to remove Exxon’s representative, Matthew Gobush, from the Board for failing to meet EITI board…

Exxon To Face More Scrutiny at Upcoming Transparency Initiative Meeting

Board Chair of the Extractive Industries Transparency Initiative calls for an “exceptional” board meeting in response to civil society demand for removal of Exxon representative The Chair of the EITI Board has called for an “exceptional” board meeting to be held in two weeks time to discuss a formal complaint that Publish What You Pay – United States (PWYP-US) submitted…

Member Spotlight: EarthRights Eyes on Line 3

Policing Protests to Save a Pipeline: Eyes on Line 3 This post originally appeared on EarthRights International blog By Patrick Boyle and Deirdre Dlugoleski From Standing Rock to Line 3, water-protectors, climate activists, and local communities are resisting pipeline projects that threaten their wellbeing. A worrying trend suggests that extractive companies may be taking a page out of their own international…