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Article

9 Mar 2010

Author:
Global Witness

Landmark oil and mining transparency initiative faces credibility test as key deadline passes

The Extractive Industries Transparency Initiative (EITI), a pioneering initiative to bring more openness to the world's oil and mining industries, faces a major credibility test after 20 out of 22 countries failed to meet a key deadline today..."The EITI Board must assess countries' requests for more time in a rigorous and transparent way that fits the EITI rules," said Diarmid O'Sullivan of Global Witness..."Some countries have made impressive progress but others have clearly been dragging their feet for several years. Any hint of special treatment towards the latter would undermine the credibility of the whole initiative," said O'Sullivan.

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