United Kingdom

Factbox

The UK is an important actor on the extractive industry scene. The London Stock Exchange covers 14% of the world’s extractive capital – over £1 trillion worth of extractive industry revenue. This is almost 60% of the total amount of extractive industry capital on EU markets. The UK is also home to many of the world’s large extractive companies such as BP, Royal Dutch Shell, Rio Tinto and Anglo American.

About the campaign

The PWYP UK coalition has engaged with UK and European Union politicians, officials, companies, investors and other stakeholders to raise awareness of the need for mandatory reporting rules for oil, gas and mining companies. In June 2013 the EU signed into law new extractive  industry transparency requirements for EU-registered companies under the revised Accounting Directive. Political agreement has also been reached on the revised Transparency Directive, which will apply the same disclosure rules to EU publicly listed companies. The UK coalition is now engaging with the UK government to achieve early and effective transposition and implementation of the requirements in the UK and to ensure that the country- and project-level payment data published under the Directives meets Open Data principles and that UK Extractive Industries Transparency Initiative (EITI) data does the same. PWYP UK also works with the PWYP International Secretariat and other country coalitions on the extension of mandatory extractive industry financial reporting to other capital markets, as well as on increasing the use of tax and other payment data to hold governments and companies to account.

Contact

Miles Litvinoff Coordinator - Publish What You Pay UK

t: +44 (0)20 8965 9682 m: +44 (0)7984 720103

[email protected]

Recent activities

European Parliament votes through Accounting and Transparency Directives12 June 2022 – The European Parliament voted through the Accounting and Transparency Directives by a huge majority. These oblige all EU listed, and large non-listed, companies to publish what they pay to the governments where they operate. ViewPWYP International’s statement here.UK joins EITI23 May 2022 – The UK stated its intention of becoming an EITI candidate country. ViewPWYP’s statement here.EU reaches a deal on EU Accounting Directive9 April 2022 – A milestone for PWYP UK as the EU reaches a deal on the EU Accounting Directive for country- and project-level reporting for extractive companies. You can find out more by reading PWYP’s press release.Letter to Secretary of State Justine Greening urges a stronger EITI Standard21 February 2022 PWYP UK members wrote to International Development Secretary Justine Greening highlighting five points on which the new EITI Standard should be made more effective and relevant.Letter to Prime Minister urges agreement on EU Directives to support UK G8 Presidency call for more transparency24 January 2022 PWYP UK members wrote to Prime Minister David Cameron urging prompt agreement on robust EU disclosure rules as a significant step towards progress at the G8 June 2013 summit on greater transparency worldwide on oil, gas and mining revenues.Letter to Business Minister Swinson urges acceptance of MEPs’ compromise on EU reporting rules13 December 2021 PWYP UK wrote to BIS Minister Jo Swinson strongly recommending UK Government and EU Council acceptance of modified proposals from the European Parliament regarding project definition, exemptions and enhanced anti-evasion provisions for the new EU Accounting Directive. Read the letter here (PDF).Publish What You Pay welcomes strong UK Government statement on extractive industry transparency11 October 2021 Publish What You Pay warmly welcomed the strong stance on the European Union’s company reporting rules announced by UK Deputy Prime Minister Nick Clegg and Business Minister Jo Swinson. The UK Government announcement came after a meeting between the Deputy Prime Minister, the Business Minister and singer activist Bono, founder of the ONE campaign, which is a member of the Publish What You Pay coalition. Read more.Clarification on role of UK government in securing European extractives transparency legislationThe Publish What You Pay civil society coalition, which includes many of the UK’s leading development NGOs, disagrees with the assertion that UK Business Minister Norman Lamb and the Coalition Government have acted improperly regarding the EU accounting and transparency directives (David Cameron must force extractive companies to be transparent, Guardian Comment Is Free, 26 July). We are in positive dialogue with Mr Lamb and support efforts to achieve effective regulations from the EU negotiations, which the UK Coalition Government has led among EU governments. Although progress has been made, key issues such as project-by-project reporting of payments to governments by oil, gas and mining companies still need to be addressed. Discussions at EU level will resume in earnest in September, and we hope that the UK Government will live up to its promises and work for an effective outcome, including project-level reporting without exemptions.Love truth, love transparency – Activists gather outside BisOn 14 February 2022 Publish What You Pay activists from CAFODONE and Tearfund in London gathered outside the Ministry of Business to demonstrate their support for transparency in the extractive sector. Dressed up as miners, activists handed out Valentine themed campaign leaflets (which combined “tips for a healthy relationship” with the importance of transparency in the extractive sector. ) and posed with a giant ‘love truth’ love heart. Read more…British All-Party Parliamentary Groups host panel on transparency in the extractive industryOn 24 January 2022, the British APPG on International Corporate Responsibility and theAPPG on the Great Lakes Region of Africa, with PWYP, hosted a panel on transparency in the extractive industries. Read more about it here.