U.S. Backing Away From Oil And Gas Transparency Validation
The Project On Government Oversight (POGO) reports that the U.S. will no longer seek validation by the Extractive Industries Transparency Initiative (EITI), a global anti-corruption effort to bring openness and accountability to the oil, gas and mining sectors.
- Administration Sounds Death Knell for Transparency Initiative, by Mia Steinle POGO press release (March 17, 2017).
A Department of the Interior official confirmed in a March 9 phone call that the United States is withdrawing its efforts to be validated under the EITI Standard. The standard requires companies and governments to disclose the payments they make and receive for extracting oil, gas and minerals. The goal of the initiative is to ensure citizens and governments are getting their fair share of revenues from natural resource extraction.
Under the Standard governments disclose how much they receive from extractive companies operating in their country and these companies disclose how much they pay. Governments sign up to implement the EITI Standard and must meet seven requirements. Then a Validator commissioned by the EITI International Secretariat assesses whether or not the country successfully implemented the EITI Standard.
The U.S. committed to join EITI in 2011 with the goal of ensuring that taxpayers are receiving every dollar due for extraction of natural resources. The United States had been working towards complying with the standard since 2012. The U.S. formally became an EITI candidate in 2014 when the EITI International Board approved USEITI’s candidacy application.
The website of the U.S. EITI is still available, but it appears no new information has been added to it since the inauguration. Its 2016 report is still available online. The only tweet from @useiti_doi since the inauguration has been one welcoming the new Department of the Interior Secretary.