sharing in governance of extractive industries
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 But if 2018 is any indication, this view is a bit outdated.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
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