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Karin Lissakers - PWYP Montreal Conference 2009
Karin Lissakers - PWYP Montreal Conference 2009
Karin Lissakers - PWYP Montreal Conference 2009
Karin Lissakers - PWYP Montreal Conference 2009
Karin Lissakers - PWYP Montreal Conference 2009
Karin Lissakers - PWYP Montreal Conference 2009
Karin Lissakers - PWYP Montreal Conference 2009
Karin Lissakers - PWYP Montreal Conference 2009
Karin Lissakers - PWYP Montreal Conference 2009
Karin Lissakers - PWYP Montreal Conference 2009
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Karin Lissakers - PWYP Montreal Conference 2009

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Consultative Session on the Natural Resource Charter …

Consultative Session on the Natural Resource Charter

Introduction to the Natural Resource Charter

Karin Lissakers, Director, Revenue Watch Institute

Published in: Technology, Business
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  • 1. The Natural Resource Charter Consultation Session PWYP International Conference 17 November 2009
  • 2. Award of licenses & contracts Regulation & monitoring of operations The EITI provides a Forum for dialogue and a Platform for broader reforms Revenue Distribution & Management Implementation of Sustainable Development Policies Government Spending Companies Disclose Payments Government Discloses Receipt of Payments Independent Verification of Tax & Royalty Payments ” EITI report” Oversight by a Multi-Stakeholder Group
  • 3. The Natural Resource Charter Builds on EITI Independent Verification of Tax & Royalty Payments ” EITI report” Award of licenses & contracts Regulation & monitoring of operations Revenue Distribution & Management Implementation of Sustainable Development Policies
  • 4. Charter Features <ul><li>Twelve core principles or “Precepts” </li></ul><ul><li>An explanation of each Precept (Level 2) </li></ul><ul><li>A detailed set of policy guidelines and prescriptions for each Precept (Level 3) </li></ul><ul><li>A library and links to source documents (Level 4) </li></ul>
  • 5. Two “Umbrella” Precepts <ul><li>The development of natural resources should be designed to secure the maximum benefit for the citizens of the producing country. </li></ul><ul><ul><li>Companies have a business plan and economic assumptions before they do a deal; </li></ul></ul><ul><ul><li>Countries need a plan for their extractive resources and a set of economic assumptions before they do a deal. </li></ul></ul>
  • 6. <ul><li>Extractive resources are public assets and decisions around their exploitation should be transparent and subject to informed public oversight. </li></ul><ul><ul><li>Red thread through entire Charter </li></ul></ul><ul><ul><li>Applies to every stage, from the decision to extract to how the money is spent down to the community level </li></ul></ul>Two “Umbrella” Precepts
  • 7. Precepts 3-6 <ul><li>Getting the best deal </li></ul><ul><li>Taxing extraction </li></ul><ul><li>National resource companies </li></ul><ul><li>Building in environmental and social protections before and during extraction </li></ul>Award of licenses & contracts Regulation & monitoring of operations
  • 8. Precepts 7-10 <ul><li>7. Resource revenues should be used primarily for domestic investment </li></ul><ul><li>Non-renewable assets need to be replaced </li></ul><ul><li>Manage volatility </li></ul><ul><li>Improve the quality of public spending </li></ul><ul><li>Build the economy through local content and diversification </li></ul>Revenue Distribution & Management Implementation of Sustainable Development Policies
  • 9. Precepts 11-12 The Other Players <ul><li>The responsibilities of home governments of extraction companies </li></ul><ul><li>The responsibilities of extraction companies </li></ul>
  • 10. What Happens Next? <ul><li>Depends on You </li></ul><ul><li>“Consultation draft” </li></ul>www.naturalresourcecharter.org The Charter needs your input!

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