Recent Articles

Revenue Watch and our colleagues at the Open Society Foundations were deeply saddened by the deaths of photographers Tim Hetherington and Chris Hondros during fighting in Libya. Hetherington's images have helped RWI tell the story of resource wealth and economic struggle with a more human element than commentary or analysis can convey.
With growing global momentum for country-by-country reporting, senators question regulators about delays in the rulemaking process.
Africa's economic ascent was the focus of the eighth annual African Economic Forum at Columbia University this March. Panelists argued that oil, gas and mining are the most important industries contributing to Africa's economic growth, and that they must improve transparency and management in order to spur development across the continent.
RWI Deputy Director Antoine Heuty discusses the role of resources in the current Middle East revolts.
Revenue Watch's April/May newsletter, in a brand-new format, presents brief reports from each RWI region and important developments in the oil, gas and mining sectors. In this issue, Director Karin Lissakers discusses the fifth global EITI conference, francophone Africa calls for Dodd-Frank-style regulations, the Nabucco Pipeline project feels the impact of "Arab Spring," RWI holds its second Regional Hub event in Peru, and much more.
How do their the claims of Dodd-Farnk opponents compare with the facts?
Deborah Brautigam, author of The Dragon's Gift: The Real Story of China in Africa, spoke with RWI about China's development and business interests in Africa. 
In recent months, the governments of Bolivia, Ecuador and Chile decided to reduce or eliminate gasoline subsidies for the domestic market. The programs, meant to combat petroleum shortages, have imposed unwieldy costs on national governments and created a disincentive for private investment. The experiences of these three countries demonstrate how the debate has played out in the region.
In the latest of an ongoing series of investigations of oil and mining companies' activities abroad, the Danish organization DanWatch has released a report on the involvement of Danish companies in the Angolan oil sector. The report examines the activities of Maersk Oil in an environment in which corruption has become the norm and local populations reap little benefit from their country’s vast oil wealth.
At the fifth global conference of the Extractive Industries Transparency Initiative, Revenue Watch called for legislation mandating detailed company reporting as a complementary tool for transparency. RWI director Karin Lissakers said, "Events in the Middle East and North Africa are an unmistakable signal that the era of governments treating natural resources as private property is coming to an end."
Carlos Monge, RWI Latin America Regional Coordinator, and colleagues deliver fresh news and insight. In the February 31 issue, Peru's government deals a blow to illegal mining; Ecuador debates a "prepayment" oil deal with China; and Mexico's PEMEX proposes reducing exports to revive the struggling company.

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At a G20 meeting in Paris, Britain's Chancellor of the Exchequer and business secretary threw the UK's support behind new disclosure rules.
The British government has taken a pivotal step toward new global standards for transparency by companies and governments.
From January 26-28, civil society groups from francophone Africa met in Ouagadougou, Burkina Faso, to assess the implementation of the Extractive Industries Transparency Initiative (EITI) in their countries to date.This meeting offered civil society the opportunity to share their experiences, explore the community's capacity to analyze EITI reports, and discuss planned new EITI rules, in preparation for the upcoming International EITI Global Conference in Paris on March 2-3.
Carlos Monge, RWI Latin America Regional Coordinator, and colleagues deliver fresh news and insight. In the February 15 issue, Latin American countries change their mining legal frameworks, Peru considers a windfall profits tax, and rising international petroleum prices impact Latin America.
The regime change in Egypt has provided an unmistakble lesson even to countries that, unlike Egypt, are rich in oil: public trust requires open, accountable government.
Over the past three years, Revenue Watch has carried out parliamentary capacity building pilot projects in Ghana, Tanzania, Sierra Leone and Uganda. These projects sought to help national parliaments improve their oversight of the oil, gas and mining sectors and to form more effective alliances with civil society and the media. Keith Myers acted as lead trainer in a number of Revenue Watch oil governance and contracts workshops. In this article, he offers his own reflections on the opportunities and challenges associated with parliamentary capacity building in Africa.
In February's "On the Horizon" newsletter from the Business & Human Rights Resource Centre, Revenue Watch previews the upcoming Paris conference of the Extractive Industries Transparency Initiative (EITI). This year's gathering, the fifth global EITI conference, will demonstrate the progress of more than 30 EITI implementing countries, and the recognition by government and industry leaders that information on oil, gas and mining revenues can—and should—be made public without compromising industry competitiveness.
Carlos Monge, RWI Latin America Regional Coordinator, and colleagues deliver fresh news and insight. In the January issue, Ecuador’s government culminates contract renegotiation with oil companies; Colombia and Venezuela expect to increase hydrocarbons production; and windfall profit taxes become an issue in Peru’s electoral campaign.
On January 12, the World Bank Group published a report detailing its extractive industries work over the past year and outlining the Bank's goals for the sector and its plans to support sustainable resource development. The report offers encouraging signs of progress for the transparency movement and for efforts by Revenue Watch and its allies in the U.S. and internationally.
In draft rules released December 15, the U.S. Securities and Exchange Commission outlined initial steps for oil, gas and mining companies to report their payments in accordance with transparency provisions of the Dodd-Frank Wall Street Reform Act. Karin Lissakers of Revenue Watch said the SEC "will be helping to create a new international transparency standard, as other countries are likely to follow the U.S. lead on these disclosures."
Illegal oil bunkering, or the theft of crude oil, is a persistent and costly problem in Nigeria, and has grown over decades into a thriving underground economy. In a brief released this October, Revenue Watch Nigeria Program Coordinator Dauda Garuba studies the prominence of illegal oil bunkering in Nigeria in light of the economic crisis the country faced during the 1980s, and the unsuccessful reforms that followed.
Integrity Watch Afghanistan founder Lorenzo Delesgues spoke at OSI about citizens' social accountability efforts.