Posts Tagged ‘extractive industries’
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17 November 2014
Charges Against Oil Officials Sent to Tanzanian Speaker
Two top officials at Tanzania’s state-owned oil agency, arrested Nov. 3 on charges of failing to give requested information to parliament, have been released without charges, according to journalist Kizoto Makoye. The two executives had declined to provide parliament with 26 oil and gas contracts the government signed with foreign and local investors, according to […]
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3 July 2013
U.S. Court Strikes Down Rule on Extractive Industries
A U.S. district court has found fault with a rule that would force oil and mining companies to disclose payments to foreign governments. The Judge cited “two substantial errors,” vacated the rule and sent it back to the Securities and Exchange Commission. The 2012 rule, mandated by Congress, had been challenged by the American Petroleum Institute and […]
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31 May 2013
EITI Adds Contracts, Licenses to Required Disclosure List
A higher standard of performance has been issued by the Extractive Industries Initiative, which held its annual meeting in Sydney, Australia, May 24-26. Member countries will now need to release information about production volumes and mining licenses on a project-by-project basis. EITI countries will have to maintain a public register that lists the company name, […]
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17 May 2013
Revenue Watch Issues Index on Resource Transparency
Eighty percent of the nations responsible for most of the world’s oil, gas and minerals production lack adequate transparency and accountability standards, according to a new index from Revenue Watch Institute. Out of all 58 countries covered by the Resource Governance Index, 47 countries failed to meet satisfactory levels, the group said. See the downloads […]