sharing in governance of extractive industries
Models are powerful tools. So powerful in fact that the discussion of whether they should be unleashed into the public space has sometimes been accompanied by a discussion of the “dangers” of doing so – reminiscent of the first debates around the idea of transparency itself.
General thinking has been that models are a stage to aspire to, to work up towards - perhaps because they involve a degree of technical complexity, and because they have…Continue
Added by Johnny West on March 27, 2015 at 14:43 — No Comments
The paper provides an overview of EITI reporting by state-owned, National Oil Companies (NOC) and oil traders.
The brief sets out the importance of transparency and accountability in the “first trade” i.e. the sale of oil by NOC to oil trading companies. In many resource-rich countries, the largest revenue…Continue
I opened this series by saying that public interest models of extractive industry projects did not serve only the purposes financial models have been used for to date but had, in addition to their analytical function, the three other main functions of pedagogy, advocacy and strengthening government support.
In this post I will focus on how public interest models – published on the Internet and relying on public domain data – measure up purely in the…Continue
Added by Johnny West on March 25, 2015 at 16:30 — No Comments
Added by EITI on March 24, 2015 at 15:07 — No Comments
Natural resource wealth offers enormous potential for achieving development goals. But without effective management, the wealth can be squandered.
UNDP works with governments,…Continue
Added by Sofi Halling on March 23, 2015 at 17:17 — No Comments
Falling commodity prices will certainly produce winners and losers. The trick will be to spot the opportunities and seize them.
To my mind, falling prices offer an excellent opportunity for governments to reframe expectations around natural resource discoveries. These discoveries often trigger unrealistic expectations, which can rapidly generate political or social problems. When people expect to get rich quick but don't, then either they are disappointed or they search for antisocial…Continue
Added by Ed Harris on March 22, 2015 at 21:00 — No Comments
We, and others, have made the case before that open financial models is the natural next stage of extractives governance. First, because you don't know what you've got til its modeled, and secondly, the models themselves must be open to allow the cumulative learning that is…Continue
Added by Johnny West on March 20, 2015 at 15:30 — No Comments
What most profoundly distinguishes American Petroleum Institute (API) from civil society organizations in resource-rich countries working to make a more transparent and accountable extractives sector?
(Hint: the answer we’re looking for is not “the ability to pay for an army of high-priced lawyers” – although that works too.)
Put bluntly, one sees the tragic human consequences of mismanaged natural resource wealth up-close, every day,…Continue
Added by Jana Morgan on March 19, 2015 at 21:37 — No Comments
Is Gasland right --- does fracking lead to gas in the water, explosions and fires?
There is a new video by EI Academy that takes a look at the truth, the risks and the precautions. It's also available at
Added by Jodi Liss on March 19, 2015 at 10:02 — No Comments
Added by EITI on March 18, 2015 at 10:33 — No Comments
The International Monetary Fund (IMF) is in the midst of finalizing the fourth pillar of its new Fiscal Transparency Code (FTC) and public consultation on the draft has just drawn to a close. The pillar focuses entirely on resource revenue transparency for resource-rich countries, in recognition of the importance of the role that transparency plays in effectively harnessing these resources for development.
With the new FTC the IMF has shifted focus to…Continue
Added by Nicola Woodroffe on March 17, 2015 at 19:27 — No Comments
One of the big questions discussed this year at the Prospectors and Developers Association of Canada (PDAC) 2015 Convention, the biggest annual gathering of mining professional from all over the world, in Toronto last week was how to create better systems for stakeholder engagement at a time of plummeting commodity prices and rising social demand from…Continue
Added by Linda Pappagallo on March 17, 2015 at 15:00 — No Comments
Given the many cases related to natural resources in Latin America GOXI members are invited to contribute to our TDM Special on Latin America.
Call for papers
Since the beginning of the 21st century, Latin America has sought the proper response to international disputes. That effort has been complicated by the opportunities and realities of globalization and its relation to its effects on local economies and government policy. While new export markets have…Continue
Added by OGEL Journal on March 17, 2015 at 12:44 — No Comments
This report brings together the insights from my in-country research into Malawi's extractive industries conducted last Autumn over a five week period spanning much of September and October.
As such, the document forms part of the suite of Malawian extractives documents available via the …Continue
Added by daniel gilbert on March 16, 2015 at 17:30 — No Comments
The Mining Shared Value venture of Engineers Without Borders Canada is excited to present Local Procurement and Public Reporting Trends across the Global Mining Industry: An Analysis of Company Reporting, 2012-2013. The report provides an overview of the global mining industry’s prioritization of local procurement. It does so by measuring the degree to which the largest 40 mining companies publicly report on local procurement in their corporate responsibility or annual…Continue
The New York Times has an important article on a new front in mining, environmental protection and social license.
Due to social pressure and fear of damage to reputation, top banks are refusing to finance mountaintop removal as a cost-efficient way of coal mining in the United States.This seems to be a much more effective way of stopping a project than pressure on universities and investment banks to divest company shares.
Banks can lend the money elsewhere; such financing is…Continue
Added by Jodi Liss on March 11, 2015 at 15:30 — No Comments
(Author's Note: This is an editorial I wrote that was just published in The Santa Fe New Mexican, my local newspaper)
Right now, in the our current legislative session, Big Oil lobbyists are attempting to pass legislation that would prevent counties and towns from having any say about drilling or mining. This power grab should concern every citizen in every New Mexico (NM) county, regardless of political affiliation.
Under the proposed bills, thousands of…Continue
Added by Marc Choyt on March 8, 2015 at 23:30 — No Comments
Added by Javed Noorani on March 7, 2015 at 6:42 — No Comments
Canada’s recent reforms in CSR regulations are not only a headliner, but also a practical challenge in terms of effective scalable stakeholder engagement. Over 50% of the world’s publicly traded mining companies are headquartered in Canada, and operate in over one hundred countries and thousands of localities. Costing billions, traditional approaches that have not achieved better Environmental, Social and Governance (ESG) results will not suffice at greater scale. Businesses, however,…Continue
Added by Antoine Heuty on March 3, 2015 at 16:36 — No Comments
As part of the registration of PWYP as a UK charity, Publish What You Pay seeks board members for the founding Board of Trustees, a new governance body. The Board of Trustees will consist of a minimum of five and a maximum of seven members with a mixture of both internal as well as external stakeholders. The working languages will be French and English.
Added by Publish What You Pay on March 5, 2015 at 17:47 — No Comments