There are 15 extractive companies listed on Euronext Amsterdam, including Royal Dutch Shell, Chevron, Total, Schlumberger Ltd and Conocophillip. Shell, one of the ‘Big five’ oil companies, was founded in 1907 after a merger between Royal Dutch Petroleum and a transport company in the UK and is headquartered in the Hague, in the Netherlands. Shell operates in over 80 countries and employs more than 90,000 people. The total market cap of extractive companies listed on this exchange is €694,157,852,000. 10 of the extractive companies are also covered by the Securities and Exchange Commission in the US.
Sources: Revenue Watch Institute; Shell
PWYP member Cordaid works has been working on reversing the resource curse since 2002. Since then, many partners have been trained on capacities to understand the extractive sector and processes, in order to have an informed position in multi stakeholder monitoring processes or at the negotiation table. Currently, Cordaid works on extractives in Guatemala, Colombia, Nigeria, Chad, South Sudan, the Central African Republic and the DRC. They have plans to start in India and Indonesia soon.
12 June 2013 – The European Parliament voted through the Accounting and Transparency Directives by a huge majority. These oblige all EU listed, and large non-listed, companies to publish what they pay to the governments where they operate. You can read PWYP’s press release here
29 April 2013 – Eelco de Groot , from PWYP member Cordaid, was announced as full member of EITI Board for 2013-2015 period. You can read Cordaid’s announcement here.
9 April 2013 – A milestone for PWYP as the EU reaches a deal on the EU Accounting Directive for country- and project-level reporting for extractive companies. You can find out more by reading PWYP’s press release.
22 February 2013 – Cordaid released this report on South Sudan, which looked at extractives, alongside other issues.
8 February 2013 – Following advocacy efforts by PWYP Netherlands and PWYP International, the Dutch government publicly announced it would not support the inclusion of exemptions in new European legislation which requires oil, gas, mining and logging companies to publish the payments they make to governments around the world. You can find more about this in the press release PWYP International released.
27 March 2012 – ONE and Cordaid handed a petition to the Dutch government calling for strong transparency rules for oil, gas and mining companies at the EU level. The petition, hosted on ONE’s website, was signed by over 89,000 people. For more on the event, read ONE’s blog.