Vision 20/20 Strategy

Four_pillars (1)

In 2012 Publish What You Pay adopted a new strategy to reflect the growth over the first ten years of our history. The new strategy needed to represent PWYP’s evolution from working solely on revenue transparency to work along the whole extractive value chain, and our growth in membership, from 6 members about 10 years ago to well over 700 today. A new governance structure, fit-for-purpose for such a big coalition, was crucial.

Four strategic pillars

a. Publish Why You Pay and How You Extract

PWYP seeks to increase public awareness of and participation in decision making processes related to the extraction of natural resources, especially by involving members of the public directly affected by extractive projects (such as communities living near a planned mining project). In many countries around the world, particularly in Africa, frameworks exist to govern the exploitation of natural resources according to best practice, but they are poorly implemented. In these countries PWYP supports training and research to enable the full and effective implementation of natural resource governance frameworks.

b. Publish What You Pay

PWYP encourages the adoption by extractive companies (oil, gas, mining) and governments of voluntary information disclosure mechanisms so that the public is informed about the payments (e.g. royalties, taxes, etc.) made to their governments for their oil, gas and natural minerals. When and where specific legislation is in place requiring mandatory disclosure of financial information by oil, gas and mining companies (such as in the EU, US, Canada and Norway), PWYP monitors compliance with the law and promotes information sharing so that information is made readily available to the general public.

c. Publish What You Earn and How You Spend

PWYP promotes access to information about how natural resource revenues are collected and how they are allocated in national budgets. PWYP promotes the role of citizens in ensuring that natural resource revenues reach the state treasury and are spent in such a way as to promote equitable and sustainable socio-economic development (for example on education, health care and infrastructure), particularly in the communities where extractive activities take place. PWYP enables access to training and research about appropriate tools that can support better extractive revenue management, including sovereign wealth funds, to promote long-term, sustainable development and poverty reduction.

d. Publish What You Learn

PWYP encourages governments to assess the costs and benefits of extractive sector projects from a social, environmental and economic perspective, and to make available those findings. PWYP supports citizens to access and understand the costs and benefits of natural resource extraction and to use that information to improve the conditions under which natural resource exploitation takes place, including lobbying companies to introduce better policies relating to investment in local communities where they operate. PWYP maintains a website and newsletter to publicise and make available to the general public research and information relating to issues of natural resource governance.

css.php