NEWS
December 10, 2008

EITI—Beyond the Basics

  EITI—Beyond the Basics
Download: Save and Print the Full Text of EITI—Beyond the Basics (pdf, 540 KB) | Français (pdf, 315 KB) | Español (pdf, 305 KB) | Arabic (pdf, 14 MB)

Since its launch in 2002, the of the Extractive Industries Transparency Initiative (EITI) has become an important platform for change, helping countries that adopt even its minimum requirements to build greater transparency and accountability. Implementing countries have taken very different approaches to adopting the initiative, allowing each nation to shape its own process according to its needs.

Revenue Watch is proud to introduce our new report, "EITI—Beyond the Basics" (pdf), which examines the best examples from several EITI implementing countries. The EITI was designed for robustness, but also for a flexibility that allows countries to tailor the effort to their circumstances.

Some countries have exceeded the minimum standards, for example by choosing to audit companies as part of their EITI programs, or by extending EITI to encompass companies involved in other sectors than oil, gas, and mining, or by publishing disaggregated EITI reports, which identify the contributions made by each operating company, instead of aggregating that information in reports that do not specify the source of particular payments.

The report was written by veteran EITI advocate Sefton Darby, who has partnered with numerous implementing countries working to determine how best to meet EITI requirements and adapt them to specific national needs. Darby has been part of the EITI journey from its earliest days. Revenue Watch Deputy Director Julie McCarthy explained that "RWI wholeheartedly supports countries going above and beyond the basic requirements of the initiative, recognizing that the EITI's minimum criteria are not an end, but a starting point for improving extractive sector governance."

Download and read the full report ... (pdf)
Downloadable Translations:
Français (pdf, 315 KB) | Español (pdf, 305 KB) | Arabic (pdf, 18MB)

MEDIA FEED

U.S. Said to Allow Drilling Without Needed Permits - The New York Times

Australia Gas Deal Renews Tension - Financial Times

Charged With Fraud, Nigeria's Ruling Party Leader Resigns - Reuters

Western Senators Propose Ban on Pacific Drilling - The New York Times

To Limit Corruption around Mining in Africa, Follow the Money - The Globe and Mail

Court Backs Oil Project - The New York Times

Transparency Increases, But There Is Still a Long Way to Go - The Phnom Penh Post

IMF Develops Project to Help Africa Deal with Illicit Trade - African Manager

Three-day Conference on Africa's Natural Resources Starts in Tanzania - Standard Times Press

After Oil Rig Blast, BP Refused to Share Underwater Spill Footage - ABC News

Finger-Pointing, but Few Answers at Hearings on Drilling - The New York Times

Complaints Over U.N. Prize Sponsored by Equatorial Guinea's Obiang - Reuters

Guide: Community-Company Grievance Resolution for Australian Mining Industry - Oxfam Australia (pdf)

Cote D'Ivoire: President for Life, and Then Some - The New York Times

In Midst of Massive Spill, Oil Industry Fighting Transparency and Accountability - Oxfam America

Leaked Oil Contracts in DRC Threaten Resource Wars and $10 Billion Rip-Off by British Company - Carbon Web

 

NEWS & INFORMATION ARCHIVES

2006, 2005

PUBLICATIONS

Contracts Confidential: Ending Secret Deals in the Extractive Industries
Contract transparency is sorely needed to improve the management of natural resource wealth. In a new report from RWI, authors Peter Rosenblum and Susan Maples delve into government and private sector objections to contract disclosure and make conclusions about what information may legitimately and reasonably be kept confidential, and how civil society institutions can better confront the challenge of secret deals.
Learn more about the report ...

NEW TRANSLATION: Revenue Redistribution at the Local Level
Many resource-rich countries are attempting to compensate their producing regions through shares of resource revenues to be spent at the local level. In "Extractive Industries Revenues Distribution at the Sub-National Level," development economics consultant Matteo Morgandi presents a comparative analysis of international legislation for distribution of extractive revenues from across all levels of government. Prepared at the request of the Peruvian National Congress, the report studies the legislative practices of seven resource-rich countries to identify potential and address challenges. Please note that this report is now also available in Vietnamese.
Learn more ...