Twelve ways EITI stakeholders can improve contract and license disclosure

Since 2013, the EITI Standard has “encouraged” public disclosure of contracts (see section 2.4 in the latest edition). In a recent report, Don Hubert and I noted that this gave important additional momentum to the issue of contract disclosure. And while it is difficult to attribute causality to policy change, since the release of the 2013 EITI Standard, nine new countries released contracts,

Contract transparency opening up slowly, but steadily

Contracts, licenses and associated agreements establish many of the commitments between government and oil, gas or mining companies. In some cases, the terms of these contracts and licenses may be standard and complemented by taxation regimes. In other cases, these contracts, licenses and agreements include detailed terms for how the government and companies agree to share risk and reward over the life of long-term oil, gas and mining projects. Wherever the information is held,