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Article

20 Feb 2011

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Publish What You Pay International

New transparency laws could help millions, says Publish What You Pay

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Publish What You Pay coalition strongly welcomes the announcement by the UK Government that it will push for the implementation of oil, gas and mining transparency laws in the EU. If introduced, such laws would require that companies listed in the EU publish what they pay to governments for the extraction of minerals around the world. This will improve revenue transparency, helping to eradicate the corruption that has blighted some mineral rich states and improve the lives of millions of people in the developing world…Revenue transparency legislation in the EU…would...compliment the work of other multi-stakeholder transparency initiatives such as the global Extractive Industry Transparency Initiative (EITI)…