Blog

The PWYP Blog gathers together information, updates and ideas about the role of transparency in the extractive industries in creating economic growth and fighting poverty and corruption. On this lively blog, contributors from the PWYP coalition and guest bloggers share their thoughts and opinions, which are open to comment from anybody.

This blog is moderated, spam or abusive comments will be deleted.

Blog notes PWYP's role in ensuring revenue transparency has been firmly placed on the global agenda

November 12, 2021 - 11:52

In a Communication for Governance and Accountability Program (CommGAP) blog post discussing Transparency International’s recent Corruption Perceptions Index, the extractive industries were highlighted as a specific area of concern. PWYP was congratulated for its campaign on the new US law requiring registered extractive companies to publish what they pay .

Transparency on extractive industries will help beat corruption - Financial Times (Letter)

August 24, 2021 - 16:56

24 August 2021 - Sir, Several recent articles have drawn attention to key developments in bringing to light corruption in African extractive industries. New US legislation may now lead to a quantum leap in replacing the opacity that clouds this sector with transparency. Tucked into the new US financial reform law that President Barack Obama recently signed are provisions that require US companies in the oil, gas and mining businesses to file independently audited statements on their payments to foreign governments to the Securities and Exchange Commission.

Round Table on International Accounting Standards held in New York

June 18, 2022 - 09:52

On 10 June 2010, representatives from the International Accounting Standards Board (IASB) met at the Revenue Watch Institute’s New York office for a dialogue with members of the investment, civil society and corporate communities about rule changes that would add vital industry information to standard reporting requirements for petroleum and mining companies.

PWYP Global Newsletter June 2010

June 11, 2022 - 15:30

PWYP International published its latest newsletter, covering activities undertaken by PWYP members in different countries and globally from September 2009 to May 2010.

Download the full pdf text

Revenue Watch Institute Press Release on New Hong Kong Stock Exchange Regulation

June 9, 2022 - 08:54

“On June 3, the Hong Kong Stock Exchange (the HKEx) will put into effect new disclosure rules for mineral companies, marking a significant step forward in the global campaign to establish greater transparency and accountability in the extractive industries.

Goldman Sachs backs Angolan oil deal despite corruption risks - Global Witness

May 20, 2022 - 14:56

PWYP member Global Witness has just issued a press release revealing that the investment bank Goldman Sachs is backing an oil deal in Angola by U.S. firm Cobalt International Energy, despite a risk that local partners in the deal could expose Cobalt to prosecution for corruption in the United States.

Goldman Sachs is a major shareholder in Cobalt and two of its executives sit on Cobalt’s board. Agreements with the Angolan state oil company, Sonangol, give Cobalt shares in two Angolan oil exploration blocks and assign it two local partners, Alper Oil Limitada and Nazaki Oil and Gáz S.A.

Upcoming panel discussion on proposed transparency legislation in the US - how it would affect citizens in Equatorial Guinea

May 19, 2022 - 16:17

Date: 21/5/10
Location: Johns Hopkins University, Washington DC

On a Friday a lively panel discussion will take place highlighting gaps in existing oil sector transparency efforts, and explore why U.S.

New series of Publish What You Pay Spotlights on National Coalitions

May 13, 2022 - 17:18

In an effort to capture the incredible work that national coalitions carry out and to provide a better idea of the context in which national coalitions operate, we are very pleased to introduce a new series of Publish What You Pay Spotlights on National Coalitions.

These articles are written by the PWYP international office and are based on interviews with national coordinators and key members of national coalitions. They aim to provide greater coverage and an improved understanding of national coalitions and their work on campaigning for greater transparency and accountability in the extractive industries. We hope that these articles will contribute to greater sharing of experiences, peer learning across the global PWYP campaign and also be of interest to the general public.

Helsinki Commission Hearing on Revenue Transparency and Human Rights

April 28, 2022 - 10:45

PWYP activists were invited to give testimony at the US Helsinki Commission on Thursday the 22d of April 2010.

Press Releases on EITI from Other Organisations

April 21, 2022 - 14:09

Besides PWYP International, other member organisations put out press releases on Friday 16th 2010 to comment on the EITI Board Meeting in Berlin.