Taxonomy
In Midst of Massive Spill, Oil Industry Fighting Transparency and Accountability
Senate Should Pass Cardin Amendment to Financial Reform Bill
In the midst of an unfolding environmental disaster in the Gulf of Mexico, the oil industry is supporting secrecy and business as usual on Capitol Hill by opposing a critical amendment to the financial reform bill. The bipartisan amendment would increase financial transparency in the oil, gas, and mining industries and provide valuable information to investors in the United States and to citizens in poor countries around the world, says international humanitarian organization Oxfam America. The amendment is likely to face a floor vote this week.
Bipartisan bill proposes simple SEC rule change to help stabilize U.S. energy sources and raw materials
Oil, gas and mineral companies can reduce global instability by opening the books on their payments, say investors, industry experts, and human rights advocates
Washington, D.C.— A little more public information could make a big difference in the stability of U.S. energy supplies, say congressional and industry leaders and leading international activists who have renewed the call for a “publish what you pay” rule change at the U.S.
Rio Tinto takes step towards transparency by publishing payments to governments
Rio Tinto, the global mining company, has taken an important step towards transparency by voluntarily disclosing, for the first time, the total tax and royalty payments that it makes to 13 of the countries where it operates, Publish What You Pay (PWYP) said today.
Dodd-Frank Law 2010 - Section 1504 on disclosure of payments by resource extraction issuers
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_...
Q&A: U.S. Financial Reform and Transparency in Oil, Gas and Mining
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.
Large Extractive Corporations Operating in Kazakhstan To Disclose Their Payments
The Dodd-Frank Wall Street Reform and Consumer Protection Act passed by the U.S. Senate on July 15, 2010 will now allow for Kazakhstani citizens to learn about the payments made by the large extractive corporations operating in the country.
Energy Security through Transparency Act of 2009
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.
Rsc. oxfam pide nuevos estándares que mejoren la transparenica informativa del sector extractivo
La industria extractiva debe “mejorar su nivel de transparencia informativa” de acuerdo con nuevos estándares voluntarios que se adopten según Ian Gary, experto de Oxfam América y miembro de la organización Publish What you Pay.
Para Gary, que participó año ayer en unas jornadas en el Congreso de los diputados, de lo que se trata es “desvelar el dinero” que se surge de estas industrias y así fomentar un debate sobre como se usa el mismo, según manifestó a Servimedia.
El representante de Oxfam remarcó la necesidad de que los estados, oraganismos internacionales y entidades finan
Lifting the Resource Curse: Extractive Industries, Children and Governance
This report focuses on the paradoxical links between natural resource wealth and child poverty in developing countries, including Azerbaijan, Nigeria, Sudan and Venezuela. It includes recommendations for governments, companies, shareholders, donors and civil society on how to enhance transparency over company payments and government revenues, which Save the Children UK believes to be integral to a more accountable system for the management of such revenues that is in the best interests of children.
Senate hearings on natural resources highlight need for extractive industries transparency legislation
Washington, D.C. – The United States Senate is holding two hearings today on the issue of natural resource extraction and accountability.
