March 17, 2022

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…

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October 21, 2021

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…

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September 22, 2021

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…

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May 19, 2021

EU Report: Still no problems with Cardin-Lugar

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…

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January 2, 2018

Cardin-Lugar Provision Fact Sheet – 2018

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…

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December 13, 2017

PWYP-US Condemns Congressional Attempt to Scrap Landmark Anti-Corruption Law

Download this press release as a pdf For Immediate Release: December 13, 2017 Contact: Waseem Mardini – [email protected] Office: 202-777-2934 – Mobile: 610-322-6732 PWYP-US Condemns Congressional Attempt to Scrap Landmark Anti-Corruption Law Measure Ignores the Wishes of Investors Worth Nearly $10 Trillion WASHINGTON D.C. – Today, members of the House Financial Services Committee voted to advance H.R. 4519 to repeal…

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