On December 17th, 2014 the Government of Canada passed into law the Extractive Sector Transparency Measures Act as part of omnibus legislation Bill C-43. Under this Act, publicly traded and large private oil, gas, and mining companies must publicly disclose payments to governments, not just in Canada, but around the world. Read this fact sheet to find out more.
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.