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In Midst of Massive Spill, Oil Industry Fighting Transparency and Accountability
Senate Should Pass Cardin Amendment to Financial Reform Bill
In the midst of an unfolding environmental disaster in the Gulf of Mexico, the oil industry is supporting secrecy and business as usual on Capitol Hill by opposing a critical amendment to the financial reform bill. The bipartisan amendment would increase financial transparency in the oil, gas, and mining industries and provide valuable information to investors in the United States and to citizens in poor countries around the world, says international humanitarian organization Oxfam America. The amendment is likely to face a floor vote this week.
Bipartisan bill proposes simple SEC rule change to help stabilize U.S. energy sources and raw materials
Oil, gas and mineral companies can reduce global instability by opening the books on their payments, say investors, industry experts, and human rights advocates
Washington, D.C.— A little more public information could make a big difference in the stability of U.S. energy supplies, say congressional and industry leaders and leading international activists who have renewed the call for a “publish what you pay” rule change at the U.S.
Rio Tinto takes step towards transparency by publishing payments to governments
Rio Tinto, the global mining company, has taken an important step towards transparency by voluntarily disclosing, for the first time, the total tax and royalty payments that it makes to 13 of the countries where it operates, Publish What You Pay (PWYP) said today.
Energy Security through Transparency Act of 2009
The “Energy Security through Transparency Act of 2009” was introduced into the US Congress on 23 September 2009 by Senators Richard Lugar (R-IN), Ben Cardin (D-MD), Charles Schumer (D-NY), Roger Wicker (R-MS) and Russ Feingold (D-WI). If passed, the bill would require energy and mining companies to reveal how much they pay to foreign countries and the U.S.
Rsc. oxfam pide nuevos estándares que mejoren la transparenica informativa del sector extractivo
La industria extractiva debe “mejorar su nivel de transparencia informativa” de acuerdo con nuevos estándares voluntarios que se adopten según Ian Gary, experto de Oxfam América y miembro de la organización Publish What you Pay.
Para Gary, que participó año ayer en unas jornadas en el Congreso de los diputados, de lo que se trata es “desvelar el dinero” que se surge de estas industrias y así fomentar un debate sobre como se usa el mismo, según manifestó a Servimedia.
El representante de Oxfam remarcó la necesidad de que los estados, oraganismos internacionales y entidades finan
Lifting the Resource Curse: Extractive Industries, Children and Governance
This report focuses on the paradoxical links between natural resource wealth and child poverty in developing countries, including Azerbaijan, Nigeria, Sudan and Venezuela. It includes recommendations for governments, companies, shareholders, donors and civil society on how to enhance transparency over company payments and government revenues, which Save the Children UK believes to be integral to a more accountable system for the management of such revenues that is in the best interests of children.
Senate hearings on natural resources highlight need for extractive industries transparency legislation
Washington, D.C. – The United States Senate is holding two hearings today on the issue of natural resource extraction and accountability.
US Senate Hearings Highlight Need for Extractive Industries Transparency Legislation
The United States Senate held two hearings on September 24 on natural resource extraction and accountability. The PWYP US coalition welcomed these hearings, and urged both the Senate and the House of Representatives to pass the EITD Act, a crucial step toward providing the information necessary to fight corruption and promote accountability in the extractive industries.
Letter to The Scotsman: Revenue disclosure
The leadership by Tony Blair, the Prime Minister, of a worldwide initiative to improve transparency of revenue payments by oil, gas and mining companies to governments is to be welcomed. The government is right to recognise that accountability for revenue flows is central to poverty reduction in resource-rich developing countries.
The Publish What You Pay Initiative
Washington D.C. – It is a sad and perverse paradox of today’s global economy that some of the very wealthiest developing countries are also the very poorest. Countries possessing an abundance of diamonds, gold, oil, gas and exotic minerals can barely feed, clothe, let alone educate, the bulk of their populations which suffer among the highest infant mortality rates and shortest average life span in the world. War and civil strife, not peace, are the norm in many of these resource- rich but troubled areas.
