sharing in governance of extractive industries
By Darrell W Podowski and Jennifer L Poirier, Cassels Brock & Blackwell LLP
In keeping with the recent global trend of combating corporate misconduct and corrupt practices, and as part of a commitment to increase transparency in the extractive industry, in October 2014, the government of Canada tabled the Extractive Sector Transparency Measures Act (Act). The Act mandates the disclosure of payments that companies in the…Continue
Added by seibik bugri on November 23, 2014 at 12:57 — No Comments
The point of corruption in Ghana’s oil and gas industry is reaching a crescendo with the approval of new Petroleum contract to foreign companies by Ghana’s Minister of Energy under very strange circumstances. Most of them from neighboring Nigeria without the requisite experience or…Continue
The World Bank Board of Executive Directors has approved additional financing of US$19.80 million to support the development of Ghana s rich oil and gas reserves. This brings the total support to US$ 57.80 million. The objectives of the project are first, to help improve public management and regulatory capacity and enhance sector transparency by strengthening the institutions managing and monitoring the sector; and second, support the development of…Continue
Added by seibik bugri on July 7, 2014 at 0:18 — No Comments
International opinion no longer differ on the centrality of good governance to the attainment of sustainable development. And has in recent times come to be the common donor requirement for the release of both bilateral and multilateral aid to Third World countries although defined diversely among different observers and actors concerned with development. Before going into details, it may be useful to attempt…Continue
Added by seibik bugri on June 24, 2014 at 12:12 — No Comments
SUSTAINING DEBATE ON THE OIL AND GAS SECTOR TRANSPARENCY:
ISSUES WITH CBN’S ALLEGATION AGAINST THE NNPC
The Nigerian Natural Resource Charter convened a Roundtable Discussion in Lagos on the 13th of March 2014, to examine the allegations by the Governor of the Central Bank of Nigeria (CBN) on discrepancies between the receipts of the Nigerian National Petroleum Corporation (NNPC) and the corresponding…Continue
Added by Nigerian NRC (NNRC) on April 11, 2014 at 10:12 — No Comments
(Reposting here this blog that appeared on CSRWire (http://www.csrwire.com/blog/posts/1163-are-we-beginning-to-see-the-light-lou-reed-and-supply-chain-responsibility). Because of the relevance to issues of interest to GOXIans and the mining-related examples I use, thought I would post here as well).
As 2013 ends, the inevitable review of important…Continue
Added by Brad Brooks-Rubin on January 9, 2014 at 16:00 — No Comments
Just posted over at revenuewatch.org: a blog on the results of innovative project monitoring work being carried out by civil society organizations in Burkina Faso, Cameroon, DRC, Guinea and Niger. Important mineral contracts are publicly available in these countries, and CSOs are using them as tools to track how governments and companies are complying with their legal obligations, and to propose new approaches for enhancing the positive impact of these projects.
Check it out…Continue
Added by Suman Chowdhury Mony on March 20, 2013 at 20:06 — No Comments
Patrick Heller and I have just published a paper on strategies for managing National Oil Companies in new oil-producing countries and hotspots for oil exploration. It challenges some generally accepted governance advice for low capacity emerging producers.
These governments face daunting challenges: Which body do they make responsible for licensing, regulation and monitoring: the National Oil Company, a ministry or a separate regulatory agency? Traditional analysis has often…
Added by Valérie Marcel on September 6, 2012 at 20:27 — No Comments
By Coletta Wanjohi, Uganda
Bank of Uganda's main role is advising the government on all matters pertaining economic policy and de-velopment and this also involves the oil sector. The National Oil and Gas Policy that was approved by cabi-net in 2008 gives Bank of Uganda the mandate to be the manager of the oil revenue. This means that when Uganda's oil starts flowing and it is either exported or sold whatever revenue is realized will be managed largely by the central…Continue
Added by Coletta Nyawira Wanjohi on April 12, 2012 at 9:05 — No Comments
Extractive sectors and illicit financial flows: What role for revenue governance initiatives? is the new U4 Anti-Corruption Resource Centre publication dealing with illicit financial flows coming out of extractive industries.
Philippe Le Billon (2011)
Bergen: Chr. Michelsen Institute (U4 Issue 2011:13) 41 p.…Continue
Added by Norma Garza on November 22, 2011 at 17:22 — No Comments
Added by Norma Garza on July 11, 2011 at 16:00 — No Comments
Added by GOXI on November 1, 2010 at 0:00 — No Comments