Tuesday, May 28, 2013

EITI Seeing Results from Natural Resources



A global forum convening world leaders to discuss governance of natural resources

The 6th EITI Global Conference is at an end. The new EITI Standard was agreed and launched, ensuring more transparency in the years ahead. It focused on how transparency and the EITI is leading to change in the 39 implementing countries. This video, produced by the EITI Secretariat, draws from the many videos that countries have produced.

It has been a big couple of weeks for the Publish What You Pay global movement with the recent EITI conference (Extractive Industries Transparency Initiative) in Sydney.

Publish What You Pay Australia is funded by Oxfam Australia, World Vision, CFMEU and Oxfam America. Its organiser is Claire Spoors based in Melbourne.

A protest at the Powerhouse Museum focused on four giant energy corporations who are trying to overturn a mandatory payments reporting law in the United States.

EITI is a proposed law that mining and oil/gas companies must publish what they pay to government on a project by project basis, to enable citizens (and governments) to know just what contribution they may be making to economic development, and to minimise corrupt payments.

Australia is yet to agree to EITI, another measure of the power of BHP Billiton, Rio Tinto, Xstrata, and people like Andrew Forrest, Gina Rinehart, and Clive Palmer.


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