The oil and mining transparency rule adopted by the U.S. Securities and Exchange Commission (SEC) will fail to achieve the level of payment disclosure necessary to deter corruption in the natural resource sector.
The voluntary nature of new EITI guidelines means that comprehensive disclosure of detailed information on purchases by traders is unlikely in the near term. Authorities in jurisdictions where commodity traders are based should move to legally require the disclosure of these sizeable payments.
Research for the 2021 edition of NRGI's Resource Governance Index has begun. The index measures the governance of oil, gas and mining sectors in resource-producing countries and provides freely available public data to help inform evidence-based decision-making.
The world’s determination to fight climate change and green the energy mix is a concern for large Middle Eastern oil exporters, which sit on massive proven hydrocarbon reserves. The risk of such assets becoming stranded and losing value is high, with significant consequences for these poorly diversified economies.
Tanzania’s reintroduction of value added tax refunds for mineral exports better aligns its tax level with other countries, while maintaining a fiscal regime that should still generate significant government revenue. This post explores how the reform will impact the sector and its prospects for new investment.
Many governments are making positive commitments to gender equity, but in countries where the extractive industries are a significant part of the economy, what do such commitments mean in practical terms and how do they contribute to positive changes in people’s lives and livelihoods? This is the first in a new series of blog posts from the NRGI and World Resources Institute research project on gender and extractives.
Mongolia’s policy experiments with resource-to-cash programs provide unique perspective into public ownership and revenue sharing in the mineral sector. As governments around the world rethink the role of the state in the ongoing public health crisis, they could learn from Mongolia’s experience.