sharing in governance of extractive industries
The Extractive Industries Transparency Initiative Board has an important opportunity to strengthen the EITI Standard’s provisions on contract transparency when it meets next week in Kiev.
State-investor contracts and licenses which provide the terms attached to the exploitation of oil, gas and mineral resources must have citizen oversight. They can determine taxes, subnational transfers, audit rights, infrastructure and barter arrangements, community consultation requirements and…Continue
Many people understand the debate around the publication of extractive industry contracts as a battle between transparency activists on one side and secretive companies on the other. But if 2018 is any indication, this view is a bit outdated. As our summary of company and contracts stories from 2018 shows, several of the biggest advances in contract transparency actually came from the…Continue
Gavin Hayman, Rob Pitman and Amir Shafaie
Increasing transparency, boosting the role of business, and deepening civic engagement in government contracting are powerful ways to deter fraud and corruption, craft better agreements, build trust, and promote a more competitive business environment. But how can we apply these principles to natural resource contracting, where big-ticket projects can be worth billions of dollars?…Continue