On International Anti-Corruption Day, the EITI, NRGI and TI Accountable Mining are partnering up to present new tools and guidance to combat extractive sector corruption.
The extractive sector is notoriously prone to corruption, accounting for one in five cases of transnational bribery according to the OECD. There have always been great expectations about the role of transparency in addressing corruption risks in the extractive industries. This is not surprising.
The East Africa Crude Oil Pipeline will be an important factor in making Uganda’s expected oil revenues a reality. As the pipeline continues to attract public interest, EITI reporting can shed light on the management and benefits of the project.
Oil pipelines are often the subject of debate, and recent headlines show this to be the case with the East Africa Crude Oil Pipeline (EACOP). Upon completion, the 1,443-km structure will be the longest heated oil pipeline in the world,
What the energy transition may mean for resource-rich countries – and why transparency, data and dialogue are needed to progress this agenda
In the wake of the COVID-19 pandemic, the speed and future trajectory of the energy transition appears less certain. While consumption of fossil fuels has subsequently dropped since the outbreak, oil and gas are likely to remain important ingredients in the global energy mix for some time.
Last month, Nigeria’s national oil company – the Nigerian National Petroleum Corporation (NNPC) – published its group-level audited financial statement for the first time in the corporation’s 43-year history. These were published alongside the 2019 audited accounts of its subsidiaries, following the disclosure of the 2018 audited accounts in June.
Louis Maréchal, Policy Advisor at the OECD's Responsible Business Conduct Unit, explains how the EITI and OECD can combine their frameworks, tools and resources to improve the governance of artisanal and small-scale mining in West Africa.
Over recent years, the artisanal and small-scale mining (ASM) sector has received unprecedented levels of interest – from producing governments, to consumer-facing companies sourcing components globally,
New research explores how local communities can be empowered to participate extractives sector oversight
The COVID-19 pandemic has thrown resource-rich countries into a triple crisis, and communities dependent on extractive revenues are particularly affected. Accountable extractives sector management is important as ever, as communities face downturns in the revenue, sector employment and social expenditures they previously relied on.
Gloria Mugambe, Head of Uganda EITI’s national secretariat, outlines the priorities for EITI implementation and reflects on the role of transparency in Uganda’s developing extractive sector.
Since the first announcement of Uganda’s oil discovery in 2006, the public’s perception of the sector has fluctuated from excitement, to expectation, impatience, cynicism and finally resigned acceptance that expected gains from oil will not be realised soon. Yet,
EITI Board Chair Helen Clark on the commitment to fighting corruption in Mexico and the opportunities and challenges that lay ahead. See the original article published on 11 October 2020 in La Jornada in Spanish here
Mexico's natural resources belong to and should benefit its citizens. President Andrés Manuel López Obrador and the Extractive Industries Transparency Initiative (EITI) share that conviction. EITI is a global standard for transparency and good governance of the oil,
Beneficial ownership transparency - knowing who ultimately controls and benefits from a company - is critical to fighting corruption and preventing illicit financial flows. Making beneficial ownership transparency the norm in the extractives sector can reduce the potential for corrupt activity in a sector that often yields significant revenues. New research has shown that there is both high demand for technical assistance to achieve beneficial ownership transparency,
Resource-dependent countries face many obstacles in adhering to principles of good extractives governance, including corruption and mismanagement. Enhanced fiscal transparency is vital for addressing these challenges. It is a goal shared by the EITI and the International Budget Partnership (IBP).
