Many governments subsidise the production and consumption of fossil fuels in their domestic markets. Subsidies can take the form of direct or indirect financial contributions by a government to fossil fuel companies. They support the cost of production of oil, natural gas or coal, reducing the prices paid for these commodities by domestic consumers.  

The scale of subsidies is substantial. According to the IMF, fossil fuel subsidies amounted to an estimated 

This document proposes the objectives of the strategy, as well as the criteria and strategic approaches that the EITI should use to guide its outreach priorities. In light of these, it proposes outreach priorities for the EITI – including a ramping up of our engagement with state-owned enterprises, financial institutions and southern-based multi-national corporations – and the corresponding resource implications. Finally, it includes a brief background section for the benefit of new Board members, outlining the EITI’s outreach efforts to date and other considerations.

This paper outlines a framework how to assess progress in meeting the beneficial ownership requirement (2.5) in EITI Validation. The framework was decided by the Borad in June 2019 (2019-48/BM-43). The framework seeks to ensure that implementing countries have adequate guidance in preparation for the approaching 1 January 2020 deadline. The framework consists of a technical assessment of meeting the requirements’ components, and an assessment of effectiveness.

The Articles of Association are an integral part of the EITI Standard. The Articles were reviewed at the Global EITI Conference in Paris 2019 and adopted by the Members' Meeting on 17 June. The previous version can be found here

The EITI is a non-profit association organised under Norwegian law

Download PDF