EITI makes partial progress despite Big Oil resistance to contract and project level disclosure
The international board of the Extractive Industries Transparency Initiative (EITI) made partial progress to strengthen the initiative during its meeting in Lusaka, Zambia on October 25-26th. While the EITI Board agreed to expand EITI’s reporting requirements, extractive industry companies continued to block the inclusion of transparency of resource contracts and project level payments. This comes at a time when the European Union (EU) Council agreed on October 26th to include project level reporting in transparency directives designed to mirror U.S.
