Mentions

The Trump Administration Rolls Back Anti-Corruption Efforts in the Oil Industry

Thursday, August 10, 2017

In February, in one of its first acts of lawmaking, the Trump Administration, with the Republican-controlled Congress, rescinded a pending Securities and Exchange Commission rule that would have required oil companies to disclose details of their payments to international governments in connection with oil and gas production.

Trump is pulling America back from the global fight against corruption

Saturday, June 17, 2017

The United States has a president whose contempt for the well-established norms of our political system never ceases to shock the world. President Trump has refused to release his tax returns, ignoring a long-standing benchmark of financial transparency for political candidates. He has also declined to address a whole series of looming conflicts of interest resulting from his complex business empire. As a result, he now finds himself facing multiple lawsuits – including from members of Congress and the governments of Maryland and the District – on the grounds that he may have violated the foreign emoluments clause of the Constitution, which forbids U.S. officials from receiving favors from their overseas counterparts.

EBRD Pushes on With Azerbaijan Gas Loan After Transparency Rift

Thursday, May 4, 2017

The European Bank for Reconstruction and Development is pushing ahead with plans to lend $500 million to Azerbaijan’s Southern Gas Corridorproject after the nation was suspended from an international oil-wealth transparency watchdog.

Did the U.S. just pull out of a global anti-corruption group?

Sunday, April 2, 2017

There is a mystery unfolding in the U.S. Department of the Interior. Officials there seem to have removed the United States from a singularly successful anti-corruption effort. This has happened largely in secret, aside from a few public statements in legalese that are nearly impossible to parse. At times, bureaucrats in the department have behaved in ways that –  it’s hard to think of another word –  seem un-American, literally silencing dissent in open forums and abruptly cutting off contact with the public.

Message from NRGI President & CEO Daniel Kaufmann

Tuesday, March 28, 2017

Far from business as usual, this year has seen swift and critical changes in the movement for accountable and open natural resource governance. Political developments have brought the fight for transparency and accountability out into the open, drawing attention from the international media and impartial observers.

Trump's Regulatory Bloodbath

Tuesday, March 28, 2017

U.S. President Donald Trump has promised a bloodbath for regulations. He argues that regulatory overreach hinders commerce and stunts economic growth. Even if that’s true, he likely won’t be able to deliver what he promises by attacking the regulatory edifice alone. That’s because the companies that drive the U.S. economy are multinationals. They will still have to follow regulations elsewhere, which will mute the impact of killing those regulations at home. Indeed, the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act is a good example of how globalization will sap the power of Trump’s plan.

U.S. sticks to global transparency initiative after Congress repeal

Wednesday, March 22, 2017

The United States remains committed to the "principles and goals" of the global transparency initiative to fight corruption in managing revenues from oil, gas and mineral extraction, it said on Wednesday.

Azerbaijan risks gas pipeline loans by quitting transparency monitor

Friday, March 10, 2017

Baku reacts to suspension for failing to address civil rights concerns.

Who "Voted Down" the Law on Extractive Industries Transparency

Monday, March 13, 2017

Blog by NGO DIXI Group, Ukraine

Last week, a probable sale of a stake of Devon to a Russian businessman Pavel Fux and non-renewal of two special permits for subsoil use of Evraz Sukha Balka were revealed. These companies are among those who ignored the submission of information under the Extractive Industries Transparency Initiative (EITI), including information involving the disclosure of final beneficial owners.

Drowning in Data – EITI in Kazakhstan Must Mean More

Monday, February 20, 2017

Kazakhstan is an implementing country in the Extractive Industries Transparency Initiative, and it recently published its 10th annual report, providing exhaustive details about the country’s oil, gas and mining sector and the revenues it earned in 2015.

Although they provide the public with a good overview of the industry, these detailed reports risk losing their purpose, unless the government can not only demonstrate its openness to communicating information, but also show that it takes accountability seriously. In Kazakhstan’s case, given its current economic predicament, it is important to ensure that every tenge counts.

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