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

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“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.

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.

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

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

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WASHINGTON—U.S. Sens. Dick Lugar (R-IN), Ranking Member of the Senate Foreign Relations Committee, and Benjamin L. Cardin (D-MD), Chairman of the Commission on Security and Cooperation in Europe (U.S. Helsinki Commission), commended the parliament of the United Kingdom for introduction of an Early Day Motion which urges the United Kingdom to consider legislation similar to the Energy Security Through Transparency Act (S.1700).