From Noble Energy's statement of support to the EITI:
Initiated at the World Summit on Sustainable Development in 2002, the Extractive Industries Transparency Initiative (EITI) supports enhanced governance in resource-rich countries through the disclosure and authentication of company payments and government revenue receipts from oil, gas and mineral development. Moreover, EITI encourages governments, extractive companies, non-governmental organizations, international organizations and others to collaborate voluntarily to develop a process that encourages financial transparency. Noble Energy supports this voluntary initiative to develop good governance in producing countries by improving transparency of payments in the extractive industry.
Fossil fuel development involves a continuing partnership between the resource owning entity and extractive companies. Execution of policies that require financial transparency will stabilize investment environments and develop enduring benefits for all entities. As an international investor in oil and natural gas resource development, Noble Energy looks forward to collaborating with governments to execute the principles and criteria identified in the EITI process.