This post originally appeared on Oxfam’s Politics of Poverty blog. I thought I had heard every possible doomsday scenario guaranteed to result from greater transparency in the extractives sector in the nearly four years since President Obama signed the Dodd-Frank Act into law. It appears I was wrong. The WSJ’s reasoning was essentially this: by requiring oil, gas and mining…
13 Senators have called on the Securities and Exchange Commission (SEC) to promptly schedule a rulemaking for Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 1504 requires all oil, gas and mining companies listed on U.S. stock exchanges to publicly disclose their payments to governments for natural resource activities. Read the full press release here.
544 PWYP members from around the world wrote to the SEC Chair, Mary Jo White, urging the Commission to reissue a strong implementing rule for Dodd-Frank 1504. You can view the letter – with all its signees – in PDF. The Honorable Mary Jo White Chair U.S. Securities and Exchange Commission 100 F Street NE Washington, DC 20549-1090 Monday, 14…
In a letter submitted today to Securities and Exchange Commission Chair Mary Jo White, more than 500 civil society organizations from 40 countries urged the commission to swiftly reissue a strong implementing rule for Section 1504 of the Dodd-Frank Act. Read the full press release here
Publish What You Pay (PWYP), the global network campaigning for greater openness in the extractive sector, welcomed yesterday’s announcement that the board of the Extractive Industries Transparency Initiative (EITI) has accepted the United States as a candidate country. With the acceptance of its candidacy application, the United States is one step closer to ensuring that its citizens have access to…
Publish What You Pay (PWYP), the global network campaigning for greater openness in the extractive sector, urges the Securities and Exchange Commission (SEC) to issue a strong rule on payment disclosures for oil, gas and mining companies. In a statement submitted to the SEC and a meeting with SEC Chairwoman Mary Jo White yesterday, members of the PWYP coalition presented…
In June and November 2013 the EU adopted amendments to the Transparency and Accounting Directives that oblige all listed and large non-listed extractive companies in the EU to publish the payments they make at project-level in the countries where they operate. This fact-sheet includes the technical details about these rules.
Senators and investor groups are urging the Securities and Exchange Commission (SEC) to act quickly in releasing a new rule for Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Also known as the “Cardin-Lugar” provision, this law requires US-listed oil, gas and mining companies to publicly disclose payments to US and foreign governments on a country-by-country…