Oxfam America has just launched a new animated video showing how so little of the profits from extractive industries reach local communities. In the US the video is intended to encourage people to take action and contact their member of Congress regarding the Energy Security Through Transparency Act – a crucial piece of legislation that would require any company registered with the US authorities (Securities and Exchange Commission) to disclose their payments in every country of operation.
London: Publish What You Pay (PWYP)* welcomes the news that Liberia’s President Ellen Johnson-Sirleaf has signed a new transparency law which increases accountability over the management of the country’s natural resources.
Approved on 10 July 2009, the LEITI Act seeks to ensure that the benefits due to the government and people of Liberia from the exploitation of natural resources are “verifiably paid or provided; duly accounted for; and prudently utilized for the benefits of all Liberians….”
Phnom Penh, Cambodia: Cambodians for Resource Revenue Transparency (CRRT), a new coalition of civil society organizations was launched today and urged the Royal Government of Cambodia, donors, private businesses, and other stakeholders to promote transparency in the management of revenues from oil, gas and mining to ensure that they benefit every citizen of Cambodia.
As Cambodia is expected to experience a sudden resource windfall, careful planning is needed to ensure that a sudden increase in revenues and expenditures are properly managed in a socially transparent and accountable manner that especially reaches the poorest Cambodians.
The Reports on Payments to Governments Regulations 2014 were signed into UK law by Business Minister Jo Swinson MP on 28 November 2014 and came into force on 1 December 2014.
The Regulations transpose into UK law Chapter 10 “Report on payments to governments” of the revised 2013 EU Accounting Directive. They require large and publicly listed oil, gas, mining and logging companies registered (i.e. incorporated) in the UK to annually disclose the payments they make to governments on a country-by-country and project-by-project basis.
Publish What You Pay coalition commends UK government for honouring transparency pledge
This is a stamement from PWYP Zimbabwe calling for the state mining bodies to be more transparent. You can also read this statement as a PDF.
Communities across the Philippines are not being given their say over whether extraction should take place. A lack of transparency and a lack of information mean they are not told of the negative consequences of mining, nor can they easily seek compensation once mining has started.
Bantay Kita, PWYP's affiliated coalition in the Philippines, wants to change this. They campaign for more transparency and accountability in the extractive sector so that communities can be empowered and informed.
Questions are being raised about how Tanzania’s plentiful mining sector will be affected by a potential gold rush from Canadian extractive companies, after the two countries concluded a foreign investment agreement.
Tanzania became the latest country to wrap up talks for a Foreign Investment Promotion and Protection Agreement with Canada after Tanzanian President Jakaya Kikwete flew to Canada and met with Prime Minister Stephen Harper on Oct. 4.