Recent Articles

A new U.S. initiative against corruption by senior foreign officials marks a major step forward in protecting natural resource revenues and safeguarding the interests of citizens in resource-rich countries, the Revenue Watch Institute said today.
A U.S. audit that found the U.S. Department of Defense unable to account properly for 96 percent of $9.1 billion in Iraqi funds from the sale of Iraq's oil underscores the need for Iraq's new government to adopt strong, transparent controls on oil revenues and spending if the country's oil industry is to fuel economic development rather than conflict.
Among the financial reforms approved by Congress in the Dodd-Frank Wall Street Reform and Consumer Protection Act is a measure that requires all companies registered with the Securities and Exchange Commission to report the amounts they pay to governments for access to oil, gas and minerals. The law gives investors and citizens new tools to hold companies and governments accountable.
The Wall Street reforms passed by Congress include historic transparency rule changes for the oil and mining industry, giving investors and citizens new tools to hold companies and governments accountable for their actions. Revenue Watch Director Karin Lissakers called the victory "the culmination of a long campaign by Revenue Watch and the Publish What You Pay coalition to make extractive industry activities truly transparent, in the U.S. and abroad."
Despite an ongoing military conflict, Afghanistan has worked since 2009 to build a mining sector that can provide sustainable wealth, passing a new hydrocarbons law and committing to implement the Extractive Industries Transparency Initiative. With the discovery of new mineral deposits worth an estimated one trillion dollars, the stakes for creating sound and accountable minerals management just got higher. Karin Lissakers describes steps that Afghan leaders can take to make the promised windfall a tool for national stability.
On the tenth anniversary of the Chad-Cameroon pipeline project, filmmaker Christiane Badgley reports from the beach town of Kribi, a Cameroonian city that stood to benefit from the pipeline project. Seven years after oil began flowing, Badgely says the town seems "untouched by any new oil wealth." (FRONTLINE/WORLD)
Development is underway for a new International Financial Reporting Standard that could make oil, gas and mining companies publish what they pay to governments for country in which they operate. Learn how you can take action to help secure important reporting reforms this June and July.
A new report by PricewaterhouseCoopers (PWC) surveys the contributions made by mining companies to public finances, offering details on various forms of taxes and contributions, and suggestions for how companies could benefit from increased transparency in reporting their tax affairs.
A proposal by U.S. Senators Richard Lugar and Ben Cardin would require any company listed on the U.S. Securities and Exchange Commission to disclose payments to governments for access to natural resources. As Congress debates this amendment to financial reform legislation, and the best response to the BP oil spill, RWI Director Karin Lissakers explains the urgent need for legal reform to ensure extractive sector transparency and accountability. Read more at The Huffington Post ...
In late March, Oil & Gas Journal editor Bob Tippee spoke to a gathering of the Gas Processors Association (GPA) on the necessity of renewing a once-vibrant corporate conversation on the concept of the extractive industry's "license to operate." In an eloquent call to action, Tippee noted the important role that the Revenue Watch Institute has played in maintaining an emphasis on transparency in extractive industry contracting. Praising the insights of recent RWI report Contracts Confidential, Tippee exhorted GPA members to open their contracts up for public oversight, and transform them from objects of secrecy into vehicles for building trust.
Revenue Watch's Indonesian partner, PATTIRO, together with researcher Laura Paler of Columbia University and NGO LPAW, conducted an innovative grassroots campaign to raise awareness about government management of public finances at the local level.
Revenue Watch Institute Chairman Anthony Richter testified before the U.S. Helsinki Commission on Capitol Hill at a hearing on the links between revenue transparency and human rights. The commission convened the hearing as the Senate considers related extractive industry transparency legislation introduced by the commission's co-chair Senator Ben Cardin and Senator Richard Lugar, the Energy Security Through Transparency (ESTT) Act.
The global movement for accountable natural resource management gained ground today as the Extractive Industries Transparency Initiative (EITI) resolved questions over the status of 18 countries that had missed a key deadline in the voluntary program. At a meeting in Berlin, Germany, the EITI International Board decided on limited extensions for 16 countries to complete their reporting and validation processes, including Kazakhstan, Timor Leste and Ghana.
Revenue Watch joins Amnesty International in calling for an immediate investigation into the illegal assault and detention of three Nigerian civil society activists by police on April 5. Three activists from the nonprofit group Social Action, which promotes citizen participation in the management of resource extraction, trade and investment that affect human rights, democracy and livelihoods, were violently stopped and arrested without explanation by police as they left their office.
The International Accounting Standards Board (IASB) took important steps on April 6 to improve reporting and disclosure by the oil, gas and mining industries. But extractive industry experts said the proposals have been weakened by pressure from companies and have yet to clearly recommend reporting of the full information that investors and citizens need.
In late February, United Kingdom MP Chris Mullin of the Labour Party introduced an early day motion in Parliament urging the government to consider adopting legislation requiring extractive companies to fully disclose revenue payments to governments. A joint letter from six civil society groups exhorted MPs to "assist the struggle against corruption in the oil, gas and mining industries of the world" by supporting the measure, which could also go far in encouraging the US Congress to pass its Energy Security Through Transparency Act.
The Revenue Watch Institute is pleased to sponsor an exhibition by photographer Ed Kashi at the HOST Gallery in London. On display from March 8 through April 3, the exhibit Curse of the Black Gold, documents the consequences of a half-century of oil exploration in a region that holds Africa's largest oil reserves, but offers a stark example of the perils of resource abundance. Kashi's images capture local leaders, militants, oil workers and villagers living in the oil-rich Niger Delta.
Washington, D.C.—As Senate investigators announced details of oil profiteering schemes among foreign officials, leading U.S. and international experts renewed their call for passage of legislation drafted to protect U.S. energy security and block acts of corruption that circumvent existing anti-corruption rules.
RWI partner Oxfam America has created a two-minute animated short, "Follow the money," to help support the Energy Security Through Transparency Act. "Follow the money" demonstrates the consequences of buying gas every day: where the money goes, and why citizens in oil-producing nations often don't see the profits when U.S. gas prices soar.
The Revenue Watch Institute congratulated Norwegian officials and transparency campaigners today as the nation's Extractive Industries Transparency Initiative (EITI) issued its first report, publishing all payments of taxes and fees made by oil companies to the government in 2008.
On BBC's "The World Tonight" program, RWI Africa Regional Coordinator Emmanuel Kuyole and Radhika Sarin of Publish What You Pay International discuss the challenges of responsible natural resource management and how citizens and leaders from Ghana to Ecuador are working to make the most of their resource wealth.
The Revenue Watch Institute today congratulated the Government of Iraq as it formally announced that it would join the Extractive Industries Transparency Initiative (EITI), taking a historic step toward the efficient and open management of its oil industry.
Today’s brutal shooting attack on the Togolese football team traveling to the Africa Cup of Nations in the oil-rich Angolan province of Cabinda serves as a harsh reminder of the instability that often reigns in enclaves where tremendous oil wealth coexists with chronic underdevelopment.  A purported representative of Cabinda's militant separatist group the Front for the Liberation of the Enclave of Cabinda (FLEC) has claimed initial responsibility for the attack, declaring it "only the start of a series of targeted actions that will continue in all the territory of Cabinda," although few facts about the assailants are yet known.
On November 11, the Revenue Watch Institute hosted journalist Peter Maass, author of the new book Crude World: The Violent Twilight of Oil, for an afternoon conversation with RWI Director Karin Lissakers. Crude World is a reporter's foray into many of the countries that have come to represent the so-called "resource curse," such as Nigeria, Equatorial Guinea, Kazakhstan and Azerbaijan—countries where the discovery of mineral and hydrocarbon reserves has resulted not in greater prosperity, but rather in increased corruption, poverty and environmental degradation.
On September 30, Ukraine's cabinet announced that the country will implement the Extractive Industry Transparency Initiative (EITI) in cooperation with civil society and extractive companies. EITI Chairman Peter Eigen welcomed the news, saying, "Secure energy supplies depend on good governance and transparency. Through its commitment to the EITI, the Ukraine is demonstrating its willingness to play by the highest standards."