Tullow’s tax disclosures torpedo Big Oil’s campaign for secrecy
UK oil company becomes the world’s first extractive firm to publish revenue payments to governments by project
The UK company Tullow Oil today became the world’s first extractive firm to publish details of its revenue payments to governments broken down by each project the company operates worldwide. The disclosures, released today in Tullow’s annual report, show the taxes, royalties, licence fees and other public revenues generated by the company’s operations across 21 countries – 14 of which are in sub-Saharan Africa – for the years 2012 and 2013.
