A Global Ignatian Advocacy Network

The Extractive Industry Transparency Initiative – Australia’s Journey to Compliance

The Extractive Industry Transparency Initiative – Australia’s Journey to Compliance (by Boshra Yazahmeidi) Australia is the latest country to seek candidacy for the Extractive Industry Transparency Initiative (EITI) – a voluntary mechanism that promotes transparency, accountability, and good governance in the extractive industry sector. In a nutshell, compliance with the EITI requires participating minerals and …

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Offshore Shell Companies Deprive Africa of Billions of Dollars in Natural Resource Revenue

New revelations from the Panama Papers indicate that offshore shell companies had been established to own, hold, or do business with oil, natural gas, and mining operations in 44 of Africa’s 54 countries. The shell companies provide anonymity, facilitating tax evasion and the unchecked movement of bribe money used to secure lucrative extractive industry contracts. …

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