February 7th, 2013
LONDON - As the scandal grows around a Nigerian oil deal involving Shell and Italian firm Eni who made a US$1.1 billion payment that ended up in the accounts of a company controlled by a corrupt former Nigerian Oil Minister, the Dutch government is coming under increasing pressure to stop supporting opt-outs in new EU legislation that would enable companies such as Shell to avoid having to publicly report these payments in certain circumstances.
March 4th, 2011
Better transparency in the extractive industries is essential, but, in all sectors, multinationals take advantage of the secrecy offered by the opaque financial system to avoid contributing to the societies from which they benefit. For this reason, country by country reporting
must become a mandatory requirement for multinationals in all sectors – and for oil company executives like Peter Voser to attack such transparency suggests not only being out of touch with the political times, and indeed his own company’s position, but also a lack of concern for some of the poorest people on the planet.
Wednesday, the Financial...