The PWYP UK coalition has engaged with UK and European Union politicians, officials, companies, investors and other stakeholders to campaign for mandatory reporting rules for oil, gas and mining companies. In June and November 2013 the EU adopted the Transparency & Accounting Directives, which oblige all EU-listed and large EU-registered extractive companies to publish what they pay to governments in all countries where they operate.
The coalition has been campaigning for the UK government to achieve early and effective transposition and implementation of these requirements, and to ensure that the country- and project-level payment data published under the Directives meet 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 broadening mandatory disclosure rules to other capital markets.
PWYP UK writes to outgoing government ministers to acknowledge progress on extractives transparency
April 2015 – As the general election campaign opened, PWYP UK wrote to Prime Minister David Cameron, Deputy Prime Minister Nick Clegg, Business Secretary Vince Cable and Business Minister Jo Swinson to acknowledge outgoing government ministers’ important contribution to advancing the global standard for extractive industry transparency during the last Parliament.
PWYP UK Members write to UK ministers to urge rejection of faulty industry guidance
February and March 2015 – PWYP UK members have written to Deputy Prime Minster Nick Clegg and Business Minister Jo Swinson to express concern about current industry guidance for the UK extractive industry reporting regulations. Civil society’s legal advice states that the draft guidance is inaccurate, incorrect and misleading. Former Shell Vice President Alan Detheridge has also written to the Business Minister to alert the Government to flaws in the guidance.
QC’s legal opinion supports PWYP UK position on industry guidance
February 2015 – Legal opinion from K.P.E. Lasok QC, a leading EU law specialist and Head of Monckton Chambers, finds that draft industry guidance for the UK extractive industry reporting regulations is “inaccurate”, “incorrect”, “highly unsatisfactory”, “misleading and wrong”. Read the two opinions here and here.
Fact sheet on the UK Reports on Payments to Governments Regulations 2014
January 2015 – Download a combined summary of key requirements of the UK’s reporting regulations for registered extractive companies and its reporting rules for publicly listed extractive companies, and their relation to provisions in the EU Accounting and Transparency Directives, here.
UK applies transparency law to extractive companies publicly listed on UK-regulated markets
December 2014 – With the Disclosure and Transparency Rules (Reports on Payments to Governments) Instrument 2014 coming into force on 22 December 2014, the UK completed implementation of anti-corruption provisions for UK-listed oil, gas, mining and logging companies under the 2013 EU Transparency Directive, following its implementation of these provisions for UK-registered companies under the 2013 EU Accounting Directive.