Nine Extractive Industries Transparency Initiative (EITI) implementing countries in the Anglophone and Lusophone region of Africa met in Abuja in early November to plan for the implementation of beneficial ownership (BO) disclosures. At the center of the discussion was the painstaking process of planning how to reveal who stands behind oil, gas and mining companies. Ben Mellor, the UK DFID country representative to Nigeria,
The challenge now is to turn the outrage into change.
Beneficial ownership and review of contracts as key areas for the EITI in Afghanistan
What role does the EITI play in revealing hidden owners?
The EITI is a standard for countries with oil, gas and minerals. The 51 EITI countries require all companies extracting oil, gas and minerals to publish what they pay in taxes and royalties and the government commits itself to publish what it receives, including other key information about the sector. The findings from early implementation concluded that such reporting was a good start, but that it was not enough.
A register with who actually owns and controls companies in the UK will be publicly available for citizens.
EITI international, in partnership with the Government of Indonesia and partners, is organising an international beneficial ownership conference in Indonesia on 23-24 October 2017. The conference will be an opportunity to showcase best practices so far, discuss challenges, provide peer-learning and exchange experiences.
In April last year, the Panama Papers scandal broke, with 11.5 million leaked documents, implicating high-level individuals with links to the extractive sector.
Training for the multi-stahkeholder group on beneficial ownership and on mainstreaming conducted together with Ernst & Young. The main purpose of the workshop is to kick off the mainstreaming feasibility work supported by the EGPS (World Bank) carried out by Ernst&Young Kazakhstan.
The International Secretariat is providing a two-day workshop to th the Armenian EITI multi-stakeholder group. Program see attached below.
In this speech, held on 23 May at the Statoil office in Fornebu, Oslo, Statoil's CEO Eldar Sætre lays out why the company is engaged in the EITI.
Good evening everyone and welcome to Statoil. lt's a great pleasure to host the EITI here in Oslo.
Oslo's nickname in Norwegian is 'Tigerstaden', the Tiger City, which came from its reputation, 150 years ago,