sharing in governance of extractive industries
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
French oil giant Total is the latest company to make a policy statement in support of contract transparency in the extractive industries. This is the first policy statement of its kind by one of the so-called “supermajors”—the world’s largest publicly traded oil and gas companies.
Oil, gas and mining contracts agreed between companies and…Continue
It has been notoriously difficult for citizens in resource-rich countries to lay hands on extractive industry contracts and licenses between their governments and private sector extractive companies. But that seems to be changing.
For a new report, Past the Tipping Point?, Don Hubert and I reviewed contract disclosure practice and policy in more than 50 countries and…Continue
Opacity around agreements governments make with companies over extractives and land projects is a serious problem. When citizens are unable to fully comprehend the nature of natural resource projects, misunderstandings and mismatched expectations can undermine trust in government and companies. In the worst cases, this can lead to conflict.
It is for these reasons that NRGI and the World Resources Institute are pleased to see that contract transparency and environmental disclosure are…Continue