Ghana discovers oil, and has an opportunity to use it for development—if it can avoid the usual traps of new oil wealth in developing countries.

We, the undersigned organizations, call for full transparency and disclosure of extractive industry (EI) revenue payments and receipts by companies, governments and international financial institutions, in countries of the global North and South. Moreover, we promote the transparency of contracts between extractive industry companies and host governments. Our objectives augment the international Publish What You Pay campaign.

London – The government of the Democratic Republic of Congo must act promptly on the recommendations of a Congolese parliamentary investigation that uncovered illegal natural resource exploitation and profiteering from armed conflict, said a leading group of international human rights, environmental and aid organizations today.

In June 2005 the Lutundula Commission, a special National Assembly commission led by parliamentarian Christophe Lutundula, submitted a report on its investigations into mining and other business contracts that rebels and government authorities signed between 1996 an

OxFam America Tuesday announced it was helping to promote a campaign, which is suggesting that federal legislation may be needed to reform revenue transparency rules for oil, gas and mining companies working in developing nations.

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WASHINGTON, DC — The Revenue Watch Institute welcomes today’s World Bank announcement of a new comprehensive approach to helping resource-rich countries harness the current boom in oil and commodities prices for development.

Washington, DC: Transparency International (TI) welcomes the World Bank’s launch of the EITI++, an expansion of the Extractive Industries Transparency Initiative (EITI) into a broader scheme to ensure that natural resources produce long-term development benefits for resource-rich yet poor nations.

“Extractive resources need to provide real benefits for the peoples of the countries where these minerals are located,” said Huguette Labelle, Chair of the Board of Directors of Transparency International on welcoming the EITI++ initiative announced here by World Bank President Robert B.

London/Berlin – A majority of leading oil and gas companies are far from transparent when it comes to the payments they make to resource-rich countries, leaving the door open to corruption and hampering efforts to fight poverty, according to a report published today by Transparency International (TI).

Washington, DC and London: Publish What You Pay (PWYP), the global civil society coalition campaigning for transparency in the extractive industries, welcomes the World Bank’s effort to extend transparency in this sector beyond revenues through its new EITI++ initiative. EITI++ includes disclosure along the spectrum, from the licensing of concessions all the way to government spending.