The International Accounting Standards Board (IASB) is considering a new global standard for extractive-company reporting. This International Financial Reporting Standard (IFRS) could require oil, gas, and mining companies to publish what they pay to governments, what they extract, the costs of production, the production revenues and the reserves for each country in which they operate. However, the IASB's current proposals have critical gaps and weaknesses, and industry opposition threatens to turn this crucial moment into a missed opportunity.
These three documents provide guidelines and resources for advocates during the consultation period for these proposals. The IASB is accepting comments through July 30, 2010.