News

[img_assist|nid=387|title=|desc=|link=none|align=right|width=110|height=150]The Energy Ministers of G8 plus China, India and Korea met in in Aomori, Japan on 8 June 2008. They welcomed implentation of EITI in their Joint Statement

We welcome the efforts of countries exporting oil and gas as well as minerals that are implementing the Extractive Industries Transparency Initiative (EITI) on a voluntary basis to strengthen governance by improving transparency and accountability in the extracti

[img_assist|nid=387|title=undefined|desc=|link=none|align=right|width=110|height=150]The G8 Finance Ministers reaffirmed the G8's backing of the EITI, and called for broader implementation when they met 14 June in Osaka, Japan. In the Statement from their meeting, they said:

We affirm the importance of good financial governance, including long-term fiscal discipline for resource rich countries, and of broader implementation of the Extractive Industries Transparency Initiative.

From the EITI Newsletter Spring 2008By T. Negbalee Warner, Head of LEITI Secretariat

Liberia has been one of the most cursed of all resource-rich countries. Despite an abundance of iron ore, diamonds, gold, timber and rubber, Liberia was for fourteen years ravaged by a horrific civil war that disintegrated the nation and brought it near the bottom of the UN's Human Development Index, thanks to corruption and mismanagement of the country's abundant resources which also fuelled the war.

[img_assist|nid=383|title=|desc=|link=none|align=right|width=150|height=92]On 28 May 2008, members of the Commission for International Cooperation of the Spanish parliament met with EITI Chairman Peter Eigen and Sarah Wykes and Marie-Ange Kalenga of PWYP. The parlamentarians agreed to deepen the debate on future Spanish engagement with the EITI and has already asked the Spanish government to explore future steps.

At the Iraq Compact Review Conference 29 May 2008, Iraqi Deputy Prime Minister Barham Salih said: "The Government has also committed to join the Extractive Industries Transparency Initiative (EITI)." Jonas Moberg, Head of the EITI International Secretariat, welcomed Iraq's commitment to implement the Extractive Industries Transparency Initiative, and made the following statement:

PRESS RELEASE [img_assist|nid=362|title=|desc=|link=url|url=http://eitransparency.org/document/businessguide|align=right|width=106|height=150]HOUSTON AND OSLO, 12 MAY 2008. Monday Peter Eigen, Chair of the EITI (Extractive Industries Transparency Initiative) and founder of Transparency International, launched a new guide for how companies can play a integral role in helping create transparency in the extractive sector. Together with Rich Kruger, President of ExxonMobil Production Company,

7 May 2008 the EITI Board welcomed Côte d'Ivoire as an EITI Candidate Country and is now among the 23 countries in Africa, Asia, Middle East and Latin America that are underway in implementing this standard for transparency in the extractive industries. It now has two years to become compliant with the EITI Criteria and undergo validation

The World Bank and the EITI Secretariat hosted a one-day workshop on EITI Reconciliation issues in Paris on Tuesday, 1 April 2008. This workshop was attended by a dozen individuals and companies who had been involved in EITI reconciliation process in the 10 EITI reporting countries. This was a good opportunity for them to exchange insights and information, and to develop suggestions to address the EITI reconciliation issues.

[img_assist|nid=348|desc=|link=none|align=right|width=150|height=142]On Monday 29 April Transparency International launched its report Promoting Revenue Transparency – 2008 Report on Revenue Transparency of Oil and Gas Companies

The report is the result of an evaluation of 42 leading oil and gas companies operating in 21 countries on their current policies,

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