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EITI's Blog (184)

Crunching the numbers on EITI Validation

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…

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Added by EITI on October 9, 2019 at 13:19 — No Comments

Ecuador commits to join the EITI

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…

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Added by EITI on September 13, 2019 at 11:00 — No Comments

Building a movement for gender equality in extractives

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…

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Added by EITI on August 29, 2019 at 11:00 — No Comments

From the "Why" to the "How": Working with OO and OGP

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…

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Added by EITI on August 2, 2019 at 15:00 — No Comments

Raising the bar on extractives transparency

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…

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Added by EITI on July 25, 2019 at 15:00 — No Comments

EITI Deputy Head Eddie Rich moves on

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…

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Added by EITI on July 23, 2019 at 15:00 — No Comments

How can the EITI be more effective in fighting corruption?

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…

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Added by EITI on July 22, 2019 at 15:00 — No Comments

Who owns what? Putting a face to the name

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…

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Added by EITI on July 17, 2019 at 16:57 — No Comments

Trading up: A business case for SOE transparency

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…

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Added by EITI on July 15, 2019 at 10:09 — No Comments

EITI countries lead the way in making contract transparency a global norm

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…

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Added by EITI on June 19, 2019 at 16:00 — No Comments

EITI launches 2019 EITI Standard

At the opening of the 8th EITI Global Conference in Paris, outgoing EITI Chair Fredrik Reinfeldt formally launched the 2019 EITI Standard:

This is one of the most significant achievements of the outgoing EITI Board. It has involved a…

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Added by EITI on June 18, 2019 at 16:00 — No Comments

Launch of the 2019 EITI Progress Report

The EITI's outgoing Chair, Fredrik Reinfeldt, launched the 2019 Progress Report today, 18 June, at the opening session of the EITI Global Conference in Paris. Commenting on the achievements of the EIIT in the past year, and during his term as Chair, he highlighted the revisions made to the EITI Standard as an important milestone:

"The EITI Standard continues to evolve, shaped…

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Added by EITI on June 18, 2019 at 15:30 — No Comments

What’s the role of the EITI in fighting corruption?

Reflecting on EITI’s potential and actual contribution to the global anti-corruption agenda.

There is a global consensus that in many countries, extractives sector corruption can deprive the population of resources needed to reduce poverty. Resource-rich countries are increasingly taking measures to tackle corruption and resulting illicit financial flows head on through national strategies and global initiatives. The EITI has the potential to help reduce corruption by…

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Added by EITI on June 18, 2019 at 15:30 — No Comments

Winners of the 2019 EITI Chair Awards announced

The EITI Chair's Awards recognise countries that have shown leadership, determination and resourcefulness in implementing the EITI.

Chair of the EITI, Fredrik Reinfeldt, announced the winners of the 2019 EITI Chair's Award at the opening session of the EITI Global Conference in Paris on 18 June.

The three winners in 2019 were:

Armenia

"A newcomer to the EITI that has begun with innovation and high pace. By fostering…

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Added by EITI on June 18, 2019 at 15:30 — No Comments

Helen Clark appointed EITI Board Chair

The Extractive Industries Transparency Initiative (EITI) Members’ Meeting today confirmed the appointment of Rt Hon. Helen Clark as the Chair of the EITI. The EITI Board for 2019-2021 was also elected (list here).

Helen Clark is a widely respected global leader on sustainable development and international cooperation. She served three successive terms as Prime Minister of New Zealand between 1999 and 2008. While in…

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Added by EITI on June 17, 2019 at 15:30 — No Comments

EITI welcomes KAZ Minerals PLC as a supporting company

At the 2019 EITI Global Conference in Paris, the EITI welcomed KAZ Minerals PLC as its newest supporting company. 

KAZ Minerals is a copper company focused on large scale, low cost open pit mining in the CIS (Commonwealth of Independent States) Region.  The Group is listed in London and Kazakhstan. KAZ Minerals operates the Bozshakol open pit mine in the Pavlodar region of Kazakhstan, the Aktogay pit open mine and three underground mines in the East Region of Kazakhstan, and the…

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Added by EITI on June 17, 2019 at 15:30 — No Comments

EITI countries progress on path to transparency and accountability

The EITI Board assessed the status of four implementing countries - Albania, Mali, Peru and Sierra Leone - at its meeting in Paris on 17 June.

What is Validation?

The EITI is implemented at the national level. In accordance with the EITI Standard, all EITI implementing countries are subject to periodic evaluation (“Validation”). Validation focuses on adherence to the EITI’s requirements on stakeholder…

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Added by EITI on June 17, 2019 at 15:30 — No Comments

The future of extractive industries’ governance in Latin America and the Caribbean

Authored by Mark Robinson Executive Director, EITI International Secretariat, Daniel Kaufmann, NRGI President and CEO and Juan Cruz Vieyra, Senior Specialist, innovation for citizen services, InterAmerican Development Bank. 

Natural resources are a key factor for growth and development for Latin America and the Caribbean (LAC). The value of fossil fuel reserves is…

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Added by EITI on June 16, 2019 at 15:30 — No Comments

Three things to look out for at the 2019 EITI Global Conference

Authored by Mark Robinson

Over the past 12 years, the EITI has grown from an initiative of 12 countries to an established global norm for improving extractives governance worldwide. The 2019 EITI Global Conference’s central theme "Open Data, Build Trust" embodies how we envision this creative international partnership to evolve over the coming decade. Three elements underpin this theme and shape the dynamic and…

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Added by EITI on June 13, 2019 at 11:16 — No Comments

Furthering open government commitments in partnership with OGP

Authored by Mark Robinson and Lyydia Kilpi

Building on our common objectives, the synergy between the EITI and the OGP continues to grow.

The EITI and the Open Government Partnership (OGP) are close cousins. Both initiatives aim to improve governance and build trust by opening up data and creating opportunities for citizen participation.

Thirty of the 52 EITI countries are …

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Added by EITI on June 11, 2019 at 9:28 — No Comments

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