Extractive Industries Transparency Initiative - Update December

-Corruption -Link between resources and conflicts -Link between resources and human rights abuses -Dutch diesease

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 How the EITI works

Compliant AzerbaijanCompliant Azerbaijan Mongolia Ghana Timor-Leste Liberia Candidate Countries Afghanistan Madagascar Albania Mali Burkina Faso Mauritania Cameroon Mozambique Central African Republic Niger Chad Nigeria Côte d´Ivoire Norway Democratic Republic of Congo Peru Gabon Republic of the Congo Guinea (Suspended) Sierra Leone Indonesia Tanzania Iraq Togo Kazakhstan Yemen Kyrgyz Republic ZambiaMongoliaGhanaTimor-LesteLiberia AfghanistanMadagascarAlbaniaMaliBurkina FasoMauritaniaCameroon MozambiqueCentral African RepublicNigerChadNigeriaCôte d´IvoireNorway Democratic Republic of CongoPeruGabonRepublic of the CongoGuineaSierra LeoneIndonesiaTanzaniaIraqTogoKazakhstanYemen Kyrgyz RepublicZambia EITI Implementing countries Compliant Azerbaijan, Mongolia, Ghana, Timor-Leste, Liberia Candidate Countries Afghanistan, Madagascar, Albania, Mali, Burkina Faso, Mauritania, Cameroon, Mozambique, Central African Republic, Niger, Chad, Nigeria, Côte d´Ivoire, Norway, Democratic Republic of Congo, Peru, Gabon, Republic of the Congo, Guinea (Suspended), Sierra Leone, Indonesia, Tanzania, Iraq, Togo, Kazakhstan, Yemen, Kyrgyz Republic, Zambia

o33 Implementing Countries across Africa, Asia, Latin America, Middle East and Central Asia o50 major international oil, gas, and mining companies o80 institutional investors with collective assets of over $16 trillion o100s of civil society groups and networks – e.g. Publish What You Pay, Open Society/Revenue Watch Institute, Transparency International oSupporting Countries, including Japan, Australia, Canada, France, Germany, the Netherlands, Norway, the UK and the US EITI in 2010

50 of the worlds leading oil, gas and mining companies Support the EITI

EITI Implementing countries 31 countries Supporting countries and organisations including the World Bank, AfDB and ADB Civil society organisations hundreds, often through Publish What You Pay Supporting institutional investors 16trillion US in Management Supporting companies 45, including most of the worlds largest EITI International Secretariat Oslo The EITI Board

EITI

Norway, first OECD reporting country

Ellen Johnson Sirleaf President of Liberia The Liberia EITI is one of the institutional pillars of integrity anchoring and sustaining the reform agenda of Liberia. By promoting better management and use of public resources and discouraging corruption, LEITI … is critical to poverty reduction and social development in Liberia. July 2009, when signing the new LEITI law

52 EITI reports shed light on government revenues from the Extractive Industries in 23 countries. These reports combined contain data for 64 years. In these 23 countries alone, more than 420 millions people have access to information on government revenues from their natural resources, often for the first time. A total of $242,685,423,821 has been reported by these governments. National coverage of all companies has reached 95% on average.

Why governments implement the EITI -Enlightened self-interest To prevent corruption To build trust amongst communities To attract foreign direct investment To attract leading companies To gain international recognition To improve credit rating - Encouragement from the international community Development community promoting good governance IMF and others wishing to see improved fiscal management Energy security through transparency - Encouragement from industry License to operate Long-term investment depends on a sound business climate

The EITI has been politically endorsed by many Governments and in many forums

The AU, EU, UN, G8, G20,..

It can be a platform for long-term reform From transparency to accountability To fight corruption – maybe To build trust and confidence - definetely Lessons

EITI Reporting and China Once a country implments the EITI, all operating companies should report. In 9 countries Chinese companies are reporting and CNPC serves on the multi-stakeholder group in several countries.

Confirmed speakers include: Paul Collier, Professor, University of Oxford Peter Eigen, EITI Chair HE Jakaya Kikwete, President of Tanzania HE Ernest Bai Koroma, President of Sierra Leone Anne Lauvergeon, Chief Executive Officer, AREVA HE Nouri al-Maliki, Prime Minister, Iraq Christophe de Margerie, Chief Executive Officer, TOTAL Clare Short, EITI Chair elect HE José Ramos-Horta, President of Timor Leste Peter Voser, Chief Executive Officer, Royal Dutch Shell Learn more about the programme, explore the growing list of speakers and register for the conference at

EITI Other Publications...and video.