Financial Times Op-ed: 'U.S. Credibility Suffers in Exit from Extractives Transparency Pact'

NRGI president and CEO Daniel Kaufmann has published a "commodity note" op-ed in the Financial Times regarding the United States government decision to cease its implementation of the Extractive Industries Transparency Initiative. 

He writes:
"The initiative made progress until, during the preparation of the 2013 U.S. EITI report (published in 2015), the U.S.’ biggest oil companies — the likes of ExxonMobil and Chevron — refused to disclose their tax payments to the government. They said they would not do so until it was “legal” — even though there was no legal barrier to such disclosures. Dallas-based Kosmos Energy, for one, saw no such obstacle, and is still a going concern despite lifting the curtain."

Read the entire piece here (registration required).