Importance of a transparent and
accountable framework for extraction –
getting it right from start
Copenhagen 14 May 2014
Coming from - EITI Origins –
Breaking the Resource Trap
The EITI is a global standard for
disclosing company payments
and government revenues in the
extractive sector.
The EITI Standard has two core elements:
The EITI Standard has two core elements:
The EITI Standard ensures transparency and accountability in
more areas of the natural resource value chain.
A national mu...
In Nigeria they are using the EITI numbers to reveal missing payments
and create debate about how the country’s resources ...
License holders, Norway
Contract disclosure, Liberia
Contextual information,
Kyrgyzstan Production Data
Legal framework, Albania
Production data, Tanzania
• In countries with extraction is largely new, such as Ghana, it
mitigates corruption, contributes to long-term planning a...
In Indonesia, the EITI report looks
at how the natural resources could
be used to address the challenges
of corruption and...
Building trust for national energy and resource governance
44 Countries
18
Compliant
26Candidates
>$1000Billions
400 around the world working full
time. 900 serve on EITI national
c...
Civil society organisations
The EITI supporters
International organisations
Extractive companies
Recently Australia*, Colombia, Ethiopia, France, Germany*, Italy,
Papua New Guinea, the UK and the US have taken steps tow...
Key Features of EITI
• Country ownership - shape the EITI as
appropriate in each country.
• Annual reporting – both for co...
Key Features of EITI
• Country ownership - shape the EITI as
appropriate in each country.
• Annual reporting – both for co...
Through implementing the global EITI transparency
Standard, countries ensure more transparency of revenues
from its oil, g...
The EITI Standard ensures transparency and accountability in
more areas of the natural resource value chain.
A national mu...
Jonas Moberg, Head of the International Secretariat
Jonas.moberg@eiti.org
EITI Origins – Breaking the Resource Trap
EITI Origins – Breaking the Resource Trap
EITI Origins – Breaking the Resource Trap
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EITI Origins – Breaking the Resource Trap

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Jonas Moberg, Head of Secretariat, EITI

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EITI Origins – Breaking the Resource Trap

  1. 1. Importance of a transparent and accountable framework for extraction – getting it right from start Copenhagen 14 May 2014
  2. 2. Coming from - EITI Origins – Breaking the Resource Trap
  3. 3. The EITI is a global standard for disclosing company payments and government revenues in the extractive sector.
  4. 4. The EITI Standard has two core elements:
  5. 5. The EITI Standard has two core elements:
  6. 6. The EITI Standard ensures transparency and accountability in more areas of the natural resource value chain. A national multi-stakeholder group (government, companies and civil society) decides how their EITI process should work. Government revenues and company payments are disclosed together with contextual information and independently assessed in an EITI Report. The findings are communicated to create public awareness and debate about how the country should better manage their resources. Production data (required) Transfers to local government (required) Transit payments (encouraged) State -owned Enterprises (required) Government publish receipts Companies publish payments Licenses & contracts Monitoring production Tax collection Revenue allocation Expenditure management Licensing information (required) State Ownership (required)Production contracts (encouraged) Beneficial ownership (encouraged) Company social and infrastructure investments (required)
  7. 7. In Nigeria they are using the EITI numbers to reveal missing payments and create debate about how the country’s resources are governed. US $10 billion identified as owed by the national oil company and US $2 billion recovered.
  8. 8. License holders, Norway
  9. 9. Contract disclosure, Liberia
  10. 10. Contextual information, Kyrgyzstan Production Data
  11. 11. Legal framework, Albania
  12. 12. Production data, Tanzania
  13. 13. • In countries with extraction is largely new, such as Ghana, it mitigates corruption, contributes to long-term planning and the managing of expectations. • In post conflict environments, such as Liberia and Timor-Leste, EITI has been useful in building trust and attracting quality foreign direct investment. • In large countries with complex sectors, such as Nigeria, DRC and Kazakhstan, EITI has been useful in finding out who is doing what and in tracking the money. • In countries with weak institutional environments, such as Chad, the process of producing the Report has been diagnostic. • In countries with strong and well-functioning institutions, such as Norway, EITI can facilitate access to information in a simple and comprehensive format. Why transparency
  14. 14. In Indonesia, the EITI report looks at how the natural resources could be used to address the challenges of corruption and social spending.
  15. 15. Building trust for national energy and resource governance
  16. 16. 44 Countries 18 Compliant 26Candidates >$1000Billions 400 around the world working full time. 900 serve on EITI national commissions 198 Fiscal years Update: 1 Nov 2012 EITI key stats
  17. 17. Civil society organisations The EITI supporters International organisations Extractive companies
  18. 18. Recently Australia*, Colombia, Ethiopia, France, Germany*, Italy, Papua New Guinea, the UK and the US have taken steps towards implementing the EITI. *Australia is conducting an EITI pilot, Germany has committed to a pilot.
  19. 19. Key Features of EITI • Country ownership - shape the EITI as appropriate in each country. • Annual reporting – both for companies and for government. • Make use of the data to answer the key questions facing the country and create public debate. • Multi-stakeholder governance at all levels.
  20. 20. Key Features of EITI • Country ownership - shape the EITI as appropriate in each country. • Annual reporting – both for companies and for government. • Make use of the data to answer the key questions facing the country and create public debate. • Multi-stakeholder governance at all levels.
  21. 21. Through implementing the global EITI transparency Standard, countries ensure more transparency of revenues from its oil, gas and mineral resources.
  22. 22. The EITI Standard ensures transparency and accountability in more areas of the natural resource value chain. A national multi-stakeholder group (government, companies and civil society) decides how their EITI process should work. Government revenues and company payments are disclosed together with contextual information and independently assessed in an EITI Report. The findings are communicated to create public awareness and debate about how the country should better manage their resources. Production data (required) Transfers to local government (required) Transit payments (encouraged) State -owned Enterprises (required) Government publish receipts Companies publish payments Licenses & contracts Monitoring production Tax collection Revenue allocation Expenditure management Licensing information (required) State Ownership (required)Production contracts (encouraged) Beneficial ownership (encouraged) Company social and infrastructure investments (required)
  23. 23. Jonas Moberg, Head of the International Secretariat Jonas.moberg@eiti.org

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