Resource Extraction Transparency: Project-by-Project Payment Disclosure to Fight Corruption.
This law significantly increases transparency regarding how large resource extraction companies (oil, gas, mining, logging) pay foreign governments. It mandates detailed, project-by-project disclosure of all payments, including illicit transfers and bribes, empowering citizens globally to hold their leaders accountable for managing natural resources. This increased transparency aims to reduce investor risk and support good governance.
Key points
Resource extraction companies must disclose all payments (including cryptocurrencies and in-kind services) made to foreign governments, broken down by specific project or contract.
Disclosure is explicitly required for payments made to criminal networks, warlords, or other illicit actors to combat corruption abroad.
The information must be filed annually in a standardized, interactive digital format, making it easily accessible to investors and the public for monitoring and accountability.
Expired
Citizen Poll