I appreciate that your organization is working to support the EITI and overall progress in ensuring the open and accountable management of government revenues from extractive industries, and that Publish What You Pay also does much good work to further this cause. The only two countries in which we generate resource revenues and make related payments to government are Canada and Peru. We actively support EITI activities in Peru, and we supported the development of transparency regulation in Canada.
However, we have not carried out sufficient analysis of the proposed SEC rules versus EITI and other global standards to take a position regarding the PWYP letter.