New Standards Approved for Extractive Industries

New performance standards have been announced (5/23) for oil, gas and mining companies, requiring them to be much more transparent in their business dealings.

The Extractive Industries Transparency Initiative approved the new performance standards at a meeting in Sydney, Australia. Created in 2003, the initiative includes government, business and civil society representatives.

Among those supporting the tougher standards is Alexandra Gilles, head of governance at the Revenue Watch …

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