Global Witness welcomes today’s announcement by the UK Government of the findings from its review of a vital anti-corruption law for oil and mining companies.

The Government strongly endorsed the law, which requires extractive companies to publish details of the billions of dollars they pay to governments across the world in exchange for oil and minerals.

The Government concluded that the law had been a success in bringing greater transparency to the sector with no unnecessary costs to business, and found no indication that it harms companies’ commercial interests.

“Today, the UK government has reinforced its commitment to the fight against rampant corruption in the oil and mining industries. Its ringing endorsement of this vital law sets a positive example for decision-makers in the US and EU, where similar transparency rules for extractive companies are also coming under review,” said Dominic Eagleton, Oil Campaigner at Global Witness.