EARTHblog » Aaron Mintzes
November 9, 2012
Our friends at the League of Conservation Voters produce annual scorecards rating Members of Congress on their environmental voting records. The latest edition declared the 112th House of Representatives as the most anti-environmental House in the history of the nation. It all started with HR 1, a budget bill laced with a buffet of pro-pollution appropriations riders. Americans already know about the party of “No”. A Senate that set the record for most filibusters ever preceded this worst House.
November 2, 2012
The Extractive Industries Transparency Initiative (EITI) is an international effort to provide a robust yet flexible standard for disclosing revenues paid to governments from oil, gas, and mining companies for the people’s valuable minerals. What’s unique about EITI is the process. Rather than some international institution or government ordaining regulations, EITI establishes a collaborative process involving representatives from industry, government, and regular folks who through consensus develop the right transparency rules to fit the society.
Follow The Money
The EITI road is a two way street. Industry publishes the taxes, royalties, and other payments they make to governments. And governments disclose the money they receive. This transparency is especially critical in developing regions of the world where riches under the ground have led to enormous conflict, corruption, and strife. For wealthier nations, the transparency standards create greater certainty and reassurance for investors and stronger accountability for elected officials. Right now, the United States is vetting nominees to serve on our own EITI working group.