We need to rethink the traditional relationship between industrial resource extraction and local development, writes Transparency International's François Valérian.
Our traditional approach to the link between industrial exploitation of underground wealth and local development is fundamentally flawed. While there is ample recognition that industrial corporations have to help local development where they operate, the rationale behind such efforts is rarely articulated. Implicit rationale is most often to buy some kind of local peace through community investment. More theoretical and acceptable explanations make extensive use of...
Collin Swan analyzes the groundbreaking, new reporting requirements at the Hong Kong Stock Exchange and examines the implications they will have on the proposed Energy Security Through Transparency (ESTT) Act in the United States.
Today, the Hong Kong Stock Exchange (HKEX) is enacting a clear and comprehensive set of listing requirements for mineral companies that are in line with international standards and encourages greater...
U.S. Senator Ben Cardin (D-Maryland) took to the U.S. Senate floor today to argue in favor of attaching the Energy Security Through Transparency Act (ESTT) to the financial regulatory reform legislation moving through Congress. The ESTT legislation would help bring much needed transparency to the extractive industries by requiring companies in the oil, natural gas, and minerals industries to disclose payments made to foreign governments.
Watch the video clip from C-SPAN below:
Our traditional approach to the link between industrial exploitation of underground wealth and local development is fundamentally flawed. While there is ample recognition that industrial corporations have to help local development where they operate, the rationale behind such efforts is rarely articulated. Implicit rationale is most often to buy some kind of local peace through community investment. More theoretical and acceptable explanations make extensive use of...