abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

16 Aug 2013

Author:
Global Witness

Briefing: The benefits for Uganda of joining the emerging global transparency standard for extractive industry revenues

The introduction of the Dodd-Frank Act (Section 1504) in the U.S.; the new Accounting and Transparency Directives in the EU; government commitments to introduce similar mandatory rules in Canada and Norway; and a new implementing requirement for the Extractive Industries Transparency Initiative, have brought a new global transparency standard for oil, gas and mining revenues into being. The purpose of these changes is to tackle corruption in the natural resource sector, boosting development and creating more stable investment climates...The briefing provides an overview of these developments, brings to attention the type of information which will become available and how it might be useful for government, parliamentarians and civil society going forward. [refers to Total, Tullow Oil, Ophir Energy, Neptune, ExxonMobil, CNOOC, Dominion Petroleum & Rio Tinto]