September 26th, 2011
International oil companies such as the U.S. giant Chevron are beginning exploration off of Liberia’s coastline. However, this new research by Global Witness and Liberian Oil and Gas Initiative (LOGI)
1 suggests that while Liberia has come a long way from the devastating set of resource-financed civil wars that claimed the lives of 250,000 people between 1989 and 2003, serious governance problems persist, and the warning signs for the emerging oil sector are stark.
Curse or Cure? How oil can boost or break Liberia’s post-war recovery shows that even before a discovery is made, there are deep-seated problems in Liberia’s oil sector: government officials and at least one company...
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September 26th, 2011
LONDON/MONROVIA – Far-reaching reforms of Liberia’s oil sector are urgently needed if its population is to benefit from future oil discoveries, says a report released today by Global Witness (1) and the Liberian Oil and Gas Initiative (LOGI) (2). As the country heads to the polls in October, and with major oil companies such as US giant Chevron trying to find oil in Liberia, these reforms must be a priority for any new government.
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September 23rd, 2011
Raymond W. Baker, the director of Task Force member Global Financial Integrity, has written
a letter to Rep. Jim Sensenbrenner (R - WI) warning him against introducing legislation to weaken the Foreign Corrupt Practices Act (FCPA).
The letter, which has received coverage from
The Wall Street Journal and
Just Anti-Corruption suggests there will be political ramifications to for the Congressman should he follow through with his promise to introduce legislation to ammend the nation's flagship anti-corruption law.
Just Anti-Corruption (subscription required)
reports:
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September 20th, 2011
NEW YORK – The President announced his intention today to advocate for Congress to adopt laws requiring the disclosure of beneficial ownership for corporations at the time of company formation, an idea already proposed by Senators Carl Levin and Chuck Grassley in S. 1483, the Incorporation Transparency and Law Enforcement Assistance Act, as well as a U.S. commitment to implement the Extractive Industries Transparency Initiative (EITI), as part of the launch of the new government transparency initiative, the Open Government Partnership.
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