UK members of the global Publish What You Pay coalition welcomed today’s decision by the Extractive Industries Transparency Initiative (EITI) to admit the UK as a candidate country. The EITI accepted the UK’s application to join the initiative...The EITI is an international initiative of governments, companies and civil society designed to increase transparency and public accountability in the extractives sector and to improve natural resource governance. It requires companies to disclose payments made to governments for their oil, gas and minerals, and governments to divulge receipts...Oil, gas and mining companies operating in the UK will need to submit information on payments made to the UK government during 2014 by mid-2015...As a complement to the voluntaristic EITI, Publish What You Pay coalitions around the world also advocate mandatory country- and project-level reporting rules consistent with revised EU Accounting and Transparency Directives that the UK government will soon be implementing...