The EITI Board concluded in early 2016 that the funding formula that the private sector and supporting countries equally share the principal responsibility for the international management costs of the EITI, no longer served its purpose.
Following a decision by the EITI Board meeting in October 2016 it was agreed that implementing countries are required to make a financial contribution of USD 10,000 to the International Management of the EITI to help cover some of the support that they get from the international body.
To be considered a supporting company, an oil and gas company has to make a minimum contribution (USD 20,000, USD 40,000 or USD 60,000, depending on size). Mining companies are recommended to make contributions at the same level as the oil and gas companies and are required to contribute at least USD 15,000. The new funding model took effect from 2017 and consequently 26 companies have been delisted for non-payment (or because they had ceased operation, been merged or taken over) after January 2018.
For contributions made by companies in 2018, please refer to the funding data available in excel on our page of audited accounts
For further information about EITI funding, contact Finance Director Brynjar Wiersholm.