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United Kingdom accepted as candidate of resource transparency body Wednesday
United Kingdom accepted as candidate of resource transparency body Wednesday, 15 October 2014 - The United Kingdom was accepted today as a candidate country to the global transparency standard EITI. It joins the almost 50 countries that have committed to improved transparency of government revenues from the extraction of natural resources. By joining the EITI, the UK government is now committing to full transparency of extractives revenues from extraction of its oil, gas and mineral resources. They are also pledging to work together with business and civil society organisations to ensure an informed debate about how its natural resources are being managed. UK Minister and UK EITI Champion, Jo Swinson said: "Our commitment to the EITI shows just how serious we are about transparency in business and government. We have already seen some of the biggest oil, gas and mining companies committing their support. Now we are a candidate country, we will continue to work with industry and civil society to implement the EITI in the UK. Clare Short, Chair of the EITI said: "Citizens in the United Kingdom of course expect that government owned natural resources are managed properly and that the revenues are put to good use. Through the UK EITI, citizens will be able to engage in informed discussion about how best to manage these resources. Peter Mather, BP Group Regional Vice President, Europe & Head of Country, UK, said:

"As a founding member of the EITI and member of the initiatives board, BP has actively supported the EITI implementation process in the UK. We welcome and support efforts by countries where we operate who choose to work towards EITI implementation, increasing and improving the transparency of revenue flows. Miles Litvinoff, the Coordinator of the UK Publish What You Pay campaign said: "Civil society welcomes the UKs full participation in the EITI as a candidate country, and especially the UKs commitment to project-level reporting and to beneficial ownership disclosure. We will work with the UK government and industry to make UK EITI reports as clear and comprehensive as possible, to help bring about a truly global standard of transparency and accountability for oil, gas and mining that empowers citizens worldwide. As a candidate country, the United Kingdom has three years to implement the EITI transparency standard in full and reach EITI compliance. Colombia accepted as candidate of resource transparency body Wednesday, 15 October 2014 - Colombia was accepted today as a candidate country to the global transparency standard EITI. It joins the almost 50 countries that have committed to improved transparency of government revenues from the extraction of natural resources. By joining the EITI, the Colombian government is now committing to full transparency of the revenues from the oil, gas and mining operations in the country. They are also pledging to work together with business and civil society organisations to ensure an informed debate about how its natural resources are being managed. Clare Short, Chair of the EITI said: "Colombias commitment to transparency of its natural resources is highly welcome. By requiring transparency, Colombians will be able to scrutinise how the countrys oil, gas and mineral resources are managed and ensure that they are managed for the benefit of the people. Minister of Mines and Energy Dr Tomas González said: "Being a candidate country for the EITI will among other things ensure that citizens receive real and verifiable information about the extractive sector through a centralized platform providing timely, quality data that will be very useful for social purposes. He added that "the National Government, being committed to good governance and transparency, finds the EITI to be an effective tool that generates trust and knowledge about the mining and energy sectors throughout Colombian society. Viceminister of Mines, Dr Maria Isabel Ulloa said: "Todays is a new step that we are taking towards the fulfillment of our objectives to promote good practices on behalf of the companies and to ensure that citizens are better aware of the revenues from the extractive industries. Moreover it also promotes dialogue between stakeholders.

President Colombian Petroleum Association, Dr Lloreda said: "For the Colombian Petroleum Association it is very good news that Colombias candidature to the EITI has been accepted. This mechanism will ensure that the substantial resources of the hydrocarbon sector, which contribute to the economic and social development of the country and regions through taxes, royalties and economic rights, be known in an objective and transparent manner. The candidature has been the result of an effort lead by the Ministry of Mines and Energy with the active participation and important commitment from the extractive industry (hydrocarbons and mining) as well as civil society. The next steps should be to ensure that, with the transparency required by the EITI Standard, the use given to these resources be published and proven, especially at the regional and local levels. We reiterate the commitment of the hydrocarbon industry to work on the presentation and dissemination of the information required by the Standard, making use of it on matters relating to financial and tributary resources paid by companies to the State. Issam Abousleiman, Country Manager of the World Bank office in Colombia, said: "We congratulate the Colombian government on their leadership and commitment to good governance, marked by their achievement of EITI candidacy. We look forward to continuing our work with Colombia to advance their good governance agenda, especially in the extractive industries, As a candidate country, Colombia has three years to implement the EITI transparency standard in full and reach EITI Compliance. Indonesia recognised as compliant with EITI transparency standard Wednesday, 15 October 2014 - Indonesia was today accepted as a full member of the EITI. As compliant with the global EITI transparency standard, citizens of Indonesia have access to extensive information about how their natural resources are governed. Industry, government and civil society in the country are working together to inform the debate about the management of its oil, gas and mineral resources. The EITI International Board designated the country EITI compliant at its meeting in Myanmar and congratulated the Government of the Indonesia for its sustained commitment and leadership in the implementation of the EITI. Clare Short, Chair of the EITI said: "By reaching compliance, Indonesia has shown the world that also a country with a large and complex natural resource sector can be transparent about its resource revenues. What Indonesia EITI has achieved is no small feat. I look forward to seeing how the country will continue make use of its EITI to embed transparency into its government systems and to ensure that natural resources benefit its citizens. Dr Monty Girianna, Deputy Coordinating Minister for Energy and Mineral Resources of Indonsia welcomed the decision. He said:

"The Government of the Republic of Indonesia is fully committed in implementing the principles of good governance. Indonesias heavy involvement in the Extractive Industries Transparency Initiative is part of its good governance programs and is a show of commitment in creating a transparent and accountable system of governance. "The naming of Indonesia as EITI compliant is a privilege and a proof that with hard work and resolute will, bureaucratic and governance reform has transform Indonesia into a country with a stable, transparent and accountable system of governance. We would like to thank our friends and partners in the EITI International Board and Secretariat, as well as the World Bank, who have provided us with cooperation and assistance in achieving this compliant status. Rodrigo Chaves, Country Director of the World Bank office in Indonesia, said "Given the scale and very complex nature of Indonesias extractive sector, achieving EITI compliance is an outstanding achievement. I congratulate Indonesias multi-stakeholder Implementing Team and National Secretariat on their hard work in producing a report covering 230 companies who collectively paid almost US $80 billion to the Government during 2010 and 2011. The World Bank Group looks forward to continuing to support this important work.

Chad recognised as compliant with EITI transparency standard Wednesday, 15 October 2014 - Chad was today accepted as a full member of the EITI. As compliant with the global EITI transparency standard, citizens of Chad have access to extensive information about how their natural resources are governed. Industry, government and civil society in the country are working together to inform the debate about the management of its oil, gas and mineral resources. The EITI International Board designated the country EITI compliant at its meeting in Myanmar and congratulated the Government of the Chad for its sustained commitment and leadership in the implementation of the EITI. Clare Short, Chair of the EITI said: "I congratulate Chad for having strengthened the government systems so that the people of Chad can better benefit from the countrys natural resources. Reaching compliance with the EITI requirements means that Chad is on the path towards open and accountable governance of its natural resources, and we look forward to working together to continue to strengthen governance of this crucial sector of Chads economy. Le Bemadjiel Djerassem, Minister of Hydrocarbon and Energy and Chair of Chad-EITI High National Committee, is glad to receive recognition for Chads efforts. He said: "Thanks to the EITI, some major reforms have been engaged when it comes to follow-up of revenue collection and payments from the extractive industries. Implementing the EITI has allowed us to realise that we do not an adequate system for tracking these revenues. Now with the establishment of the unit for revenue tracking, this is accomplished. We can now verify the figures and publish reliable information about oil revenues. Achieving compliance with the EITI requirements is a first step on the long path towards managing natural resources for the benefit of the citizens. Scott Miller, General Manager of Esso Chad, said:

"Esso welcomes this milestone decision by the EITI Board. This accomplishment would not have been possible without the process ownership and full support of the national government. Transparency is essential to support economic growth, increased opportunity, and a better standard of living for all citizens. We look forward to continuing our engagement in future reporting years, and to the challenges of sustainment in an evolving industry and regulatory landscape. Adama Coulibaly, World Bank Resident Representative in Chad, said: "The World Bank congratulates Chad on achieving EITI compliance. This comes as a result of the Governments steadfast determination to manage public resources in compliance with international standards of transparency. The World Bank, through funding from the EITI Multi Donor Trust Fund has supported this work in partnership with Government and it has paid off.

Source: EITI International Secretariat
16 2014 | View: 468 | Press Releases | Printint version
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