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.
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.
STAKEHOLDERS have called for the government to hurriedly charge and collect Capital Gains Tax from the African Barrick Gold (ABG) following reports that its mother company, Barrick Gold, intends to sell off its stakes to a Chinese investor.
The move follows information reported by foreign and local media last week that ABG had resolved to sell its 74 per cent stake in the Africa Barrick Gold (ABG) to the Chinese state owned China National Gold (CNG).
Most people think of downtown Houston, Texas as ground zero for the oil and gas industry. Houston, after all, serves as home base for corporate headquarters of oil and gas giants, including the likes of BP America, ConocoPhillips, and Shell Oil Company, to name a few.
Comparably speaking, few would think of Wilmington, Delaware in a similar vein. But perhaps they should, according to a recent New York Times investigative report by Leslie Wayne.