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 paper aims to provide the EITI International Board with updates on country progress and challenges encountered in contract disclosure in EITI implementing countries. It also discusses ambiguities raised by constituencies in the interpretation of Requirement 2.4 and provides considerations on how to assess Requirement 2.4 in Validation. This recommendations was shared with the Board for decision by circular and approved as of 11 September 2020.

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.

The EITI Board agreed the EITI Policy on voicing concerns at its meeting in Addis Ababa on 17 October 2019 (Board paper 45-6-A).

EITI Policy on voicing concerns

The procedures for voicing concerns to the EITI are open to all stakeholders and accessible. Stakeholders with a concern should first raise it to the attention of the immediate EITI body (national multi-stakeholder group, EITI constituency, etc.). If this is not appropriate or if the concern remains,