sharing in governance of extractive industries
EITI’s Africa Director, Bady Baldé, has been appointed as its Deputy Executive Director. Going forward, Bady will combine the roles of Africa and Deputy Executive Director.
“I am delighted that Bady will take up the role of Deputy Executive Director at the EITI International Secretariat," commented Mark Robinson, EITI’s Executive Director. "Bady is an accomplished speaker and strategist, whose skills and substantial…Continue
Added by EITI on January 17, 2020 at 16:54 — No Comments
Who owns extractive companies? As of 1 January 2020, new EITI requirements for disclosing the owners of extractives companies will come into effect. In advance of this milestone, we take stock of progress made so far on beneficial ownership disclosure in EITI implementing countries.
Complex networks of corporate ownership are a significant feature of the modern business world. These ‘nested’ chains of corporation (think: Russian dolls) can obscure the identity of the real…Continue
Added by EITI on December 16, 2019 at 17:00 — No Comments
Authored by Mark Robinson
Much has happened in the year since I joined the EITI Secretariat as Executive Director. We have launched a revised EITI Standard, addressing new areas of transparency such as contracts, state-owned enterprises, commodity trading, gender and environment. We hosted a successful Global Conference and welcomed a new EITI Board and Chair, the Rt. Hon. Helen Clark, a widely respected global leader on sustainable development and international…Continue
Added by EITI on December 13, 2019 at 13:22 — No Comments
Authored by Lyydia Kilpi
The EITI has launched a consultation to seek views on the future of Validation. This is a key opportunity for stakeholders to influence how progress towards EITI implementation should be assessed. The consultation is open until Tuesday 14 January.
Think of a racing circuit: one goal, many different cars and drivers. Now imagine the circuit as…Continue
Added by EITI on December 13, 2019 at 13:21 — No Comments
The EITI Board gathered to assess country progress, discuss the EITI’s role in addressing corruption and deepen cross-organisational collaboration.
Less than a week after the 2019 Nobel Peace Prize was awarded to Ethiopian Prime Minister Abiy Ahmed Ali, Addis Ababa was a fitting backdrop for the 45th EITI Board meeting, hosted by the Government of Ethiopia. With the…Continue
Added by EITI on October 23, 2019 at 14:00 — No Comments
Authored by Sam Bartlett
On the eve of the 45th EITI Board meeting in Addis Ababa, the EITI International Secretariat and the Office of the Auditor General of Norway hosted a workshop on strengthening collaboration with Supreme Audit Institutions (SAIs). The workshop brought together EITI and SAI representatives from Ethiopia, Ghana, Malawi, Mozambique, South Africa, Sierra Leone,…Continue
Added by EITI on October 18, 2019 at 15:38 — No Comments
State-owned petroleum company Qatar Petroleum will join the EITI as a supporting company, announced EITI’s Corporate Engagement Manager Andrew Irvine today, in a discussion on the EITI’s outreach plans at the organisation’s Addis Ababa Board meeting.
“It is encouraging to see a large and influential state-owned company like Qatar Petroleum join the EITI’s group of supporting companies,” said Mark Robinson,…Continue
Added by EITI on October 17, 2019 at 11:33 — No Comments
The Democratic Republic of Congo has made meaningful progress in implementing the EITI. Despite the country’s positive direction of travel in strengthening transparency, major challenges in accountability and governance remain.
The EITI Board decided today at its meeting in Addis Ababa, Ethiopia, that the Democratic Republic of Congo has made meaningful progress in implementing the …Continue
Added by EITI on October 16, 2019 at 16:57 — No Comments
Iraq has made meaningful progress in implementing the EITI with significant improvements in transparency of state-owned enterprises, oilfield data and petrodollar allocations. Opportunities exist to translate this emerging transparency into evidence-based debate and policy making.
The EITI Board decided today that Iraq has made meaningful progress in implementing the EITI Standard. Validation, the…Continue
Added by EITI on October 16, 2019 at 16:56 — No Comments
EITI Board concludes that Myanmar has made meaningful progress in EITI implementation, whilst urging government to strengthen public disclosures and further improve the environment for civil society participation.
Myanmar has achieved meaningful progress in implementing the EITI Standard, the EITI Board concluded today at its meeting in Addis Ababa, Ethiopia.
In taking this decision, the Board commended…Continue
Added by EITI on October 16, 2019 at 16:54 — No Comments
Authored by Alex Gordy
What can be learned from three years of Validation results – and how to interrogate the data
EITI Validation results are a rich source of information about the transparency of the extractive sector in EITI implementing countries. Over 80% of EITI countries have completed their first Validation since the process was introduced in 2016, producing a…Continue
Added by EITI on October 9, 2019 at 13:19 — No Comments
Government reaffirms its commitment to natural resource transparency
The Ecuadorian government officially announced last week its intention to become an EITI implementing country. “In deciding to adhere to the EITI, the Government of Ecuador seeks to guarantee transparency and efficiency in the management of the country's natural…Continue
Added by EITI on September 13, 2019 at 11:00 — No Comments
Authored by Indra Thévoz, EITI Policy and Country Officer
The EITI and its stakeholders commit to intensify efforts towards gender equality and diversity in natural resource governance
While the benefits of extractive industry projects are primarily enjoyed by men, women and girls bear a disproportionate share of the negative social, economic and environmental impacts. That is why provisions to enhance women’s…
Added by EITI on August 29, 2019 at 11:00 — No Comments
Over the last few years, there’s been significant progress towards making beneficial ownership transparency (BOT) a global norm, with 18 countries making beneficial ownership-related commitments in their Open Government Partnership (OGP) National Actions Plans. This growing momentum is encouraging given the potential for implementation efforts to achieve significant policy impact, and to contribute towards a global drive to abate corruption…Continue
Added by EITI on August 2, 2019 at 15:00 — No Comments
2019 EITI Global Conference reinforces progress, actions and commitments to extractives transparency.
The EITI Global Conference is the extractive industries’ premier forum for bringing together representatives from governments, companies, civil society and other stakeholders to tackle the governance challenges facing resource-rich states.
The 2019 Global Conference marked a critical juncture in the EITI’s evolution, with the adoption of…Continue
Added by EITI on July 25, 2019 at 15:00 — No Comments
Eddie Rich is moving on as Deputy Head of the EITI International Secretariat after 12 years with the organisation. Eddie has been appointed as CEO for the International Hydropower Association, a non-profit membership organisation committed to advancing sustainable…Continue
Added by EITI on July 23, 2019 at 15:00 — No Comments
Authored by Ines Marques, EITI Policy Director
With more than USD 2.5 trillion of revenues disclosed to date, the time is right for the EITI to reflect on its contributions and potential future role in the fight against corruption in the oil, gas and mining sector.
The question about what tangible impact transparency has on anti-corruption efforts has been debated over and over, with numerous studies pointing to different results. The issue is further…Continue
Added by EITI on July 22, 2019 at 15:00 — No Comments
Authored by Catherine Greene and Ines Schjolberg Marques
EITI stakeholders and supporters met at the 2019 Global conference to share best practice and early benefits in implementing the one of the world’s first public beneficial ownership transparency requirement.
When doing business, interested parties want to know who they are dealing with. Historically, ownership of unlisted extractive companies has been opaque, leaving governments and companies…Continue
Added by EITI on July 17, 2019 at 16:57 — No Comments
Authored by Alex Gordy
The EITI’s 8th Global Conference catalyses next steps in SOE transparency.
In many resource-rich countries, the state is directly involved in the extractive sector through its own state-owned enterprises (SOEs). The sale of a state’s natural resources is often a significant revenue stream for national budgets and development priorities. To date, 40 EITI countries have reported revenues from state-owned oil, gas and mining…Continue
Added by EITI on July 15, 2019 at 10:09 — No Comments
Authored by Marie Gay Alessandra Ordenes, Asia Director, EITI International Secretariat
The EITI government network on contract transparency was launched at the EITI Global Conference in Paris.
Governments from Armenia, Cameroon, Chad, Democratic Republic of Congo, Ghana, Guinea, Indonesia, Malawi, Mexico, Mongolia, Mozambique, Nigeria, Philippines, Senegal, São Tomé and Príncipe and Zambia have joined the network. This coincided with the EITI…Continue
Added by EITI on June 19, 2019 at 16:00 — No Comments