In June and November 2013 the EU adopted amendments to the Transparency and Accounting Directives that oblige all listed and large non-listed extractive companies in the EU to publish the payments they make at project-level in the countries where they operate.
This fact-sheet includes the technical details about these rules.
The members of the EITI Association (Article 7.2) are organised in three constituencies (Article 5.2): governments, companies and civil society. Constituencies decide on their rules governing appointment of Members (Article 5.3) and nominate Board members and their alternates for the Members’ Meeting to elect (Article 8.1(ii)). The EITI Board agreed on the guidance and principles…
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‘Towards Transparency’ looks at what the industry and geographical scope of the ALP policy the impacts the introduction of this legislation would have for transparency and accountability in Australia and globally. The report finds that of the 802 companies listed on the ASX who are involved in commercial production in the mining, oil, and gas…
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The European Union’s (EU) requirements for country-by-country reporting of payments to governments by oil, gas and mining (extractive) and forestry companies consist of the Accounting Directive’s Chapter 10 provisions and the equivalent provisions of the Transparency Directive (collectively ‘the Directives’). The provisions require in-scope companies in the extractive and forestry sectors to publicly report details…
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