Publisher: 
UK EITI
Publication Type: 
Annual progress report
Published Date: 
July, 2016

UK EITI Annual Activity Report 2015

Introduction

The Extractive Industries Transparency Initiative (EITI) is a global standard aimed at promoting the open and accountable management of a country’s oil, gas and mineral resources. The Prime Minister, David Cameron announced the UK’s intention to comply with EITI in May 2013 during the G8 presidency. One year after the first meeting of the UK Multi Stakeholder Group in October 2014, the UK was recognised as a candidate country at the 28th EITI Board Meeting in Myanmar. The UK’s first EITI report was published on the 15 April. This was the culmination of 18 months of hard work by members of the UK MSG. The outcome of the 2015 General Election resulted in a change in Government and the appointment of a new EITI Champion, Baroness Neville-Rolfe. The new Government reinforced its commitment to EITI through the 2015 manifesto and the initiative sits within the UK Government’s wider agenda for increasing transparency, increasing trust in business and reducing corruption. 2015 was a busy year for the MSG. Moore Stephens was appointed as the Independent Administrator for the UK’s EITI and reporting templates and waivers for the first year’s reconciliation were issued to oil, gas, mining and quarrying companies. Additionally significant progress was made towards the completion of the first EITI report