Enacted by the national assembly of the federal republic of nigeria. The extractive industries transparency initiative eiti is a global standard for the good governance of oil, gas and mineral resources. Agency for international development the local transparency and cooperation initiative ltci is a communitybased conflict mitigation program improving cooperation and accountability between citizens. Mining and the extractive industries transparency initiative. The oxfam america extractive industries program in cambodia reflects a deeply ambitious, complex and challenging response to the many issues arising from the emergence of an extractive industries ei sector in cambodia. Indeed many initiatives including the extractive industries transparency initiative and publish what you pay are in place to promote cleaner business practices and greater transparency in the extractives industry. Extractive industries are the businesses that take raw materials, including oil, coal, gold, iron, copper and other minerals, from the earth. Ghanas implementation of the extractive industries transparency initiative, and its promise to expand the initiative to the oil sector, is promising. Extractive industries transparency initiative key points from validation of selected eiti countries eiti country case studies country validation summary areas for improvement mongolia in 2010, submitted first validation, found to be close to compliant next validation january 1, 2016 validation indicators 11.
The open budget initiative, the extractive industries transparency initiative eiti and the open governance partnership are three global initiatives to improve aspects of budget accountability to enable the state to perform its functions, including provision of core services, effectively, by. As a voluntary commitment of stakeholders with shared goals, the global eiti. The extractive industries transparency initiative eiti is a global standard for transparency in revenues from oil, gas and mining industries. The extractive industries transparency initiative eiti was first launched in september 2002 by the then uk prime minister, tony blair during the world summit on sustainable development in johannesburg, following years of academic debate, as well as lobbying by civil societies and companies, on the management of government revenues from the extractive industries. It seeks to address the key governance issues in the extractive sectors. Transparency and accountability in africas extractive industries. Myanmar became an eiti candidate country since july 2014 and is leading to be a complaint country while implementing meiti work plan and reform activities with the motto of report to reforms. This report has been prepared within the context of eiti. Extractive industries transparency initiative world bank. Eiti as one of todays most advanced global governance efforts to prevent adverse.
The extractive industries transparency initiative eiti. Extractive industries transparency initiative wikipedia. The views expressed in the report are those of the independent administrator and in no way reflect the official opinion of the msg. Transparency and accountability in africas extractive. Pdf the extractive industries transparency initiative eiti.
In recent years ghanas government has made notable strides toward improving the legal and regulatory oversight of oil, gas and mining sectors. The extractive industries transparency initiative eiti standard, dated july 11, 20, requires the appointment of an independent administrator ia who is responsible for applying relevant international professional standards to produce the annual united states extractive industries transparency initiative useiti report. The role of the legislature 5 the national democratic institute for international affairs ndi is a nonprofit organization working to strengthen and expand democracy worldwide. The extractive industries transparency initiative eiti aims to. The png extractive industries transparency initiative pngeiti is a png government initiative established in 20 to promote accountability and transparency of revenue received from the countrys mining, oil and gas sector and how it spends these funds. Extractive industries transparency initiative pngeiti. The role and responsibility of the myanmar extractive industries transparency 1. Uk extractive industries transparency initiative comms strategy 2019 to 2020. The extractive industries transparency initiative eiti standard, dated july 11, 20, requires the appointment of an independent administrator ia who is responsible for applying relevant international professional standards to produce the annual united states extractive industries transparency initiative. Liberia extractive industries transparency initiative. Search related topics to find more recent resources.
Natural resources, the extractive industries transparency. Extractive industries transparency initiative eiti and the. Extractive industries transparency initiative lc linked. Extractive industries transparency initiative responsible jewellery. The extractive industries lie at the heart of the global economy. The neiti means nigeria extractive industries transparency initiative. In 2011 the australian government announced it would pilot the extractive industries transparency initiative eiti. The extractive industries transparency initiative eiti is a global standard to promote open and accountable management of natural resources. To lead the implementation of the transparency of extractive industry on behalf of country in orders to ensure successful implementation of the myanmar extractive industries transparency initiative leading committee has been formed as follows. Pdf this article examines the extractive industries transparency initiative eiti. The report covers good case practices in eiti implementation, multistakeholder collaboration, policy breakthroughs and open data on the national and international levels. This note summarises the main features of the extractive industries transparency initiative and outlines the sphere of operations of the uks main mining companies.
This visual and informative report by afghanistan extractive industries transparency initiative aeiti gives a great overview of the countrys extractive sector and eiti implementation. Papua new guinea extractives industry transparency initiative report 2014 ey. The extractive industries transparency initiative has little impact on the u. Extractive industries transparency initiative eiti is a world standard which promotes the open and accountable management of natural resources. The launch of the extractive industries transparency initiative eiti in 2003 was a crucial step in ending this opacity. Subnational implementation of the extractive industries. The extractive industries transparency initiative eiti is an international, multi stakeholder initiative that promotes transparency and accountability in the oil, gas and mining sectors through the disclosure of government and company data in resourcerich countries. Extractive industries are generally divided into two sectors. The potential role of eiti in fighting corruption and iffs. The gap analysis was completed before the most recent version of the eiti standard was published on 17 june 2019. To this end, the engagement entails an analysis and reconciliation of material payments and receipts made in fiscal year 2007 in the mining sector.
The role of the legislature 5 the national democratic institute for international affairs ndi is a nonprofit organization work ing to strengthen and expand democracy worldwide. Extractive industries transparency initiative eiti, several bilateral and multilateral donors. Showing results 1 10 of 8490 for facility extractive industries transparency initiative local transparency and cooperation initiative u. The extractive industries transparency initiative eiti is a global standard for transparency and accountability in the oil, gas and mining industries. Extractive industries transparency initiative eiti provides a global standard for extractive industry companies to publish what they pay to governments, and for governments to disclose what they receive. To be eiticompliant, participating countries must meet a minimum set of standards that. The extractive industries transparency initiative eiti was launched in 2003 to promote better governance in resourcerich countries through the full publication and audit of company payments and government revenues from oil, gas and mining. It represents the nigerian arm of the global extractive industries transparency initiative. The papua new guinea extractive industries transparency initiative multistakeholder group png eiti msg was established in 20 to provide guidance and oversight of the eiti implementation process. Countries deciding to join the eiti must set up a number of transparency measures at national level. The last decade has witnessed a proliferation of initiatives to improve the governance of the extractives sector. Many of the natural resource companies have demonstrated a positive response in several areas. The extractive industries transparency initiative eiti natural. Standard guidance cop 29 extractive industries transparency.
It is a voluntary initiative,supported by a coalition of companies,governments, investors and civil society organisations. Standard guidance cop 29 extractive industries transparency initiative the comment period against any a. The global standard for the good governance of oil, gas and mineral resources. Nigeria extractive industries transparency initiative neiti act an act to provide for the establishment of the nigeria extractive industries transparency initiative neiti and for related matters. Extractive industries transperency initiative eiti gap analysis. Nigeria extractive industries transparency initiative neiti in a recent policy brief. Mongolia extractive industries transparency initiative eiti. Mar 27, 2020 the neiti means nigeria extractive industries transparency initiative. Functions of the nigeria extractive industries transparency initiative. Myanmars economy is slowly picking up speed and regaining stability after a volatile 2018. It has a robust yet flexible methodology for disclosing and reconciling company payments and government revenues in implementing countries. Cop 29 extractive industries transparency initiative the comment period against any a. This largely includes taxes, royalties and other statutory payments. Extractive industries transparency initiative source book.
Welcome to the ghana extractive industry transparency. First, it requires that companies disclose their payments made to governments and governments disclose their revenue received from companies. Has the extractive industries transparency initiative been a. The eiti is an attempt to induce transparency and accountability in order to. Natural resources, the extractive industries transparency initiative, and global governance 3 2. Background this report is a mapping analysis of some of the major extractive companies operating in malawis. This communications plan covers the period october 2019december 2020. Despite a challenging global environment, myanmars economic growth is expected to rise to 6.
This report has been prepared exclusively for use by the msg members. One of the most relevant, active and wellknown initiatives. Oil, gas, and mining projects have driven economic growth, access to energy, and infrastructure development. Vulnerable communities in ne cambodia affected by extractive industries will. Background eiti is a global initiative that aims to promote revenue transparency and accountability for natural resource extraction e. To achieve this objective, transparency and accountability by organizations and government agencies involved in the extractives sector oil, gas and metals is. The eiti standard requires information along the extractive industry value chain from the point of extraction, to how the revenue makes its way through the government and its. To that effect it requires oil, gas and mining companies to disclose their payments.
The general principles of transparency and accountability underpinning the extractive industries transparency initiative eiti are essential to achieving the international communitys goal of promoting integrity and sustainable growth in the global economy. Extractive industries transparency initiative, www home page, viewed nov. Security and human rights, the equator principles, extractive industries transparency imitative, principles for responsible investment, and global reporting initiative gri. The extractive industries transparency initiative eiti is at the forefront of the movement for transparency. General public, including local communities affected by the extractive industries. This act provides for the establishment of the nigeria extractive industries transparency initiative neiti charged with the responsibility, among other things, for the development of a framework for transparency and accountability in the reporting and disclosure by all extractive industry companies of revenue due to or paid to the federal. Extractive industries transparency initiative report 2009. Nigeria extractive industries transparency initiative. Two thirds of afghanistans extractive revenue came from stateowned north coal and afghan gas. The progress report 2019 is the eitis annual overview of the progress made to improve transparency and governance of natural resources in the eiti countries around the world. The extractive industries transparency initiative eiti seeks to create that missing transparency and accountability. For failing to file timely data, leiti publishes names of delinquent companies january 5,2018 the liberia extractive industries transparency initiative has named several companies and a government agency for failing to make timely disclosure of.
Extractive industries transparency initiative multi. One of msgs main activities is the oversight and guidance in the production of annual eiti reports as required by eiti international. Appendix 1 contains the scope and methodology, as well as sites visited. Commons is a freely licensed media file repository. Words to actions, chatham house, london, 1516 october, 2001 on file with. Myanmar extractive industries transparency initiative meiti eiti report for the period april 2015 march 2016 forestry sector final january 2019 this report has been prepared at the request of the myanmar eiti multistakeholder group msg charged with the implementation of the extractive industries transparency initiative in myanmar.
This report has been prepared by uk eiti multistakeholder group msg charged with the implementation of the extractive industries transparency initiative in the united kingdom in collaboration with the independent administrator ia. The eiti involves the full publication and verification of company payments made to governments, and of government revenues received from oil, gas and mining. Establishment of the national stakeholders working group. Background eiti is a global initiative that aims to promote revenue transparency and accountability for natural. The recent g8 declaration on fighting corruption and improving transparency. It seeks to strengthen government and company systems, inform public debates and enhance trust.
An analysis of the extractive industry transparency initiative. Extractive industries transparency initiative eiti and. Information from its description page there is shown below. Definitions and applicability the extractive industries transparency initiative eiti sets a global standard, implemented by signatory countries and companies, for companies to publish what they pay for resource extraction rights and for. Papua new guinea extractive industries transparency. It seeks to strengthen government and company systems, inform public debate and enhance trust. The extractive industries transparency initiative eiti sets a global standard, implemented. Eiti guide for legislators national democratic institute. The extractive industries transparency initiative eiti is an international, multistakeholder initiative that promotes transparency and accountability in the oil, gas and mining sectors through the disclosure of government and company data in resourcerich countries. Us extractive industries transparency initiative final.
This publication excluding the logo may be reproduced free of charge in any format or medium provided that it is. Csos are actively involved in the process of distributing socialeconomic information based on extractive industries incomes. The extractive industries transparency initiative eiti the extractive industries transparency initiative eiti is a global standard that promotes transparency and accountability in the oil, gas and mining sectors. The extractive industries transparency initiative eiti supports improved governance in resourcerich countries through the full publication and verification of company payments and government revenues from oil, gas and mining. The industrial processes for extracting minerals include drilling and pumping, quarrying, and mining. The papua new guinea extractive industries transparency initiative multistakeholder group pngeiti msg was established in 20 to provide guidance and oversight on the eiti implementation process. The extractive industries transparency initiative eiti is an international standard for openness around the management of revenues from natural resources. The note is prepared for the debate on 28 november 2012 on uk mining industries. Eiti standard 2019 extractive industries transparency initiative. Natural resources, the extractive industries transparency initiative.
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