In 2013 the EU adopted the Accounting and Transparency 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 UK Government transposed these requirements into domestic law in 2014 and in the same year became an Extractive Industries Transparency Initiative (EITI) candidate country.
Updated fact sheet on the UK mandatory reporting requirements
June 2016 – Download our updated 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.
Secretary of State for International Development commits to work for trading transparency
May 2016 – In a reply to PWYP Executive Director Elisa Peter and others following the London Anti-Corruption Summit, UK Secretary of State for International Development Justine Greening acknowledged the economic significance of payments to governments for the sale of oil, gas and minerals and stated that “The UK has an important role to play as one of the world’s largest commodity trading hubs, to ensure that these sales become transparent.” Read the letter here. PWYP will continue to work with others and to engage with the UK and other governments to achieve a common global reporting standard for extractives trading.
PWYP UK urges open data reporting requirement for London-listed extractive companies
May 2016 – PWYP UK’s submission to the Financial Conduct Authority consultation on open data reporting for extractive companies listed on the London Stock Exchange urges the prescription of open data reporting for financial years starting 1 January 2016. Read the submission.
PWYP and others urge action on trading at London Anti-Corruption Summit
April 2016 – PWYP, NRGI, Global Witness, Christian Aid and others wrote to Prime Minister David Cameron urging him to ensure that the 12 May Anti-Corruption Summit in London addresses one of the major remaining areas of opacity and corruption risk in the oil, gas and minerals sector: physical commodity trading. Letters were also sent to other UK ministers. Read the letter here.
The UK publishes its first EITI report
April 2016 – As the UK publishes its first EITI report, PWYP UK Coordinator Miles Litvinoff comments on the process and the result. Read more.
PWYP and NRGI evidence to UK International Development Committee inquiry
March 2016 – Written evidence from PWYP and NRGI, endorsed by Global Witness and Oxfam GB, urges the UK government to bring payments to governments related to oil, gas and mineral commodities trading, and to transportation and export, social payments, and payments to state security forces within the mandatory reporting regime; extend the regime to AIM; and influence the Overseas Territories and Crown Dependencies to introduce similar disclosure requirements. Read the submission.
UK EITI Civil Society Network adopts Membership Principles
February 2016 – The Civil Society Network for the UK Extractive Industries Transparency Initiative has adopted a set of Membership Principles to govern its affairs, including for the election of civil society representatives to the UK EITI Multi-Stakeholder Group (MSG). Updated PWYP UK fact sheet on UK regulations and rules for mandatory reports on payments to governments
PWYP UK urges UK Government to advance natural resource transparency in third OGP National Action Plan
December 2015 – As the UK Government develops its third Open Government Partnership National Action Plan for 2016-18, PWYP UK and the Natural Resource Governance Institute are engaging with officials to advance the UK’s contribution to payment and revenue transparency in the world’s oil, gas and mining industries by: (1) ensuring that UK- (London Stock Exchange-) listed as well as UK-incorporated extractive companies report their payments using open data; (2) working for EU-wide transparency in oil, gas and minerals commodity trading; (3) extending extractives disclosure to transportation and export activities, payments to governments for social expenditures and payments to state security forces; (4) extending the UK disclosure regime to companies listed on AIM (London’s Alternative Investment Market) and influencing the Overseas Territories and Crown Dependencies to require disclosure. Read our commodities trading transparency briefing and general OGP briefing.
PWYP UK urges UK Treasury to require open data reporting by all London Stock Exchange-listed extractive companies
July 2015 – With the UK Treasury still appearing reluctant to prescribe open data payment reporting for non-UK-incorporated London-listed extractive companies, PWYP UK members have written to the Financial Secretary to the Treasury, David Gauke MP, highlighting this inconsistency with the UK’s Open Government Partnership and 2013 G8 commitments on open and machine-readable data and urging a rethink. Read the letter here. PWYP UK followed up with a letter to Cabinet Office Minister with responsibilities for the UK’s Open Government commitments, Rt Hon Matthew Hancock MP, here.
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.
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.
About the PWYP UK coalition
The PWYP UK coalition engaged extensively with UK and European Union politicians, officials, companies, investors and other stakeholders before and during the EU’s drafting, negotiation and adoption of mandatory reporting rules for oil, gas and mining companies under the 2013 Accounting and Transparency Directives. PWYP UK worked with the UK Government to achieve early and effective UK transposition and implementation, and to ensure that the country- and project-level payment data published under the Directives and UK law meets Open Data principles. The coalition is currently monitoring company reporting under the new transparency requirements and engaging with the UK’s implementation of the Extractive Industries Transparency Initiative (EITI).
Steering Group, coordination and funding
PWYP UK Steering group members:
Anne Lindsay – CAFOD
David McNair – ONE
Dominic Eagleton – Global Witness
James Royston – PWYP International
Joseph Williams – Natural Resource Governance Institute
PWYP UK Coordinator Miles Litvinoff (contact details below) works under a consultancy contract with Global Witness. PWYP UK members and PWYP International pool funding via this contract to fund this work. A list of current PWYP UK member organisations is included below.