Knowing who owns the companies that operate in the oil, gas and mining sectors is key to strengthening natural resource governance. It has also proven to be important to improve the investment climate and promote responsible business conduct. Through the EITI and other global and regional efforts to tackle the challenges posed by hidden ownership, African countries are taking the lead in improving beneficial ownership transparency in extractives. The conference will engage various stakeholders from government, civil society and companies to seek a way forward on beneficial ownership in Africa.
In many countries, contract transparency is critical to ensure that stakeholders can see how they should be benefitting from the extractive industries. The EITI has in the past months highlighted examples of contract transparency in the extractive sector.
Financial Times Op-Ed: Governments need to publish oil and gas contracts
“Across the world, such contract transparency used to be a rare occurrence, but recently there are signs that we have reached a tipping point.”
Q&A with ICMM CEO Tom Butler on contract transparency policy
ICMM CEO Tom Butler attended the EITI Board meeting in Berlin and participated in a side event on contract transparency with EITI Chair Fredrik Reinfeldt. Tom explains ICMMs policy on contract transparency and the impact it has had in this Q&A.
Anton Rühling works as a programme manager at Open Oil in Berlin, where he oversees the development of open data applications. We spoke with him on the sidelines of the EITI’s gathering of partner organisations, dedicated to discussing priorities for strengthening extractive industry governance, which was held in Oslo in September 2018.
The EITI International Secretariat is looking for a manager or officer to support the implementation of EITI’s policy priorities, with a particular focus on company disclosures, state-owned enterprise transparency and reporting on the sale of oil, gas and minerals.