With final approval of Dodd-Frank Wall Street Reform and Consumer Protection Act in July of 2010, the United States Congress took historic steps to ensure energy industry transparency and give investors and citizens new tools to hold companies and governments accountable for their actions.

Section 1504 of the new law requires all U.S. and foreign companies registered with the United States Securities and Exchange Commission (SEC) to publicly report how much they pay governments for access to their oil, gas and minerals.

Access the law here: http://resources.revenuewatch.org/sites/default/files/Dodd-Frank%20bill_...

Among the financial reforms approved by Congress in the Dodd-Frank Wall Street Reform and Consumer Protection Act is a measure that requires all companies registered with the Securities and Exchange Commission to report the amounts they pay to governments for access to oil, gas and minerals. The law gives investors and citizens new tools to hold companies and governments accountable.

EITI Report on 2005 and 2006
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An internal bulletin prepared by the Publish What You Pay International office.

Welcome to the latest edition of the PWYP Newsletter which offers an overview of member activities in the global campaign for transparency and accountability in the oil, gas and mining industries. In this edition we cover events and issues since January 2009 and look ahead to the next few months.

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This report, entitled Publishing What We Learned, was authored by Mabel van Oranje, formerly of the Open Society Institute, and Henry Parham, former International Coordinator of PWYP.

The report discusses the origins and evolution of PWYP from 2002 to 2007. It also assesses the effectiveness of PWYP’s advocacy and policy endeavours and examines how the Coalition has operated internationally.

Please download the resource here.

The “Energy Security through Transparency Act of 2009” was introduced into the US Congress on 23 September 2009 by Senators Richard Lugar (R-IN), Ben Cardin (D-MD), Charles Schumer (D-NY), Roger Wicker (R-MS) and Russ Feingold (D-WI). If passed, the bill would require energy and mining companies to reveal how much they pay to foreign countries and the U.S.

Germany-based PWYP member the Global Policy Forum Europe has produced two publications related to transparency and the extractive sector in German on behalf of Misereor and Bread for the World:

• Transparenz beginnt zu Hause – Deutsche Unternehmen und Banken im Rohstoffsektor und die Transparenz ihrer Zahlungsflüsse (Transparency begins at home – German companies and banks in the extractive sector and their requirements for transparency), 20

Germany-based PWYP member the Global Policy Forum Europe has produced two publications related to transparency and the extractive sector in German on behalf of Misereor and Bread for the World:

• Mehr Transparenz für Entwicklung (Transparency for development), 2007.

Misereor, Bread for the World and Global Policy Forum Europe are working on PWYP/EITI in Germany focusing mainly on transparency and companies/banks.