Friday, December 28, 2012

Secretary Salazar Appoints Members to the U.S.ExtractiveIndustries Transparency Initiative Committee

Secretary of the Interior Ken Salazar appointed 21 primary and 20 alternate members to an advisory committee that will guide and oversee implementation of the United States Extractive Industries Transparency Initiative (USEITI). Convened under the Federal Advisory Committee Act, the committee will serve as the initial USEITI Multi-Stakeholder Group and includes representatives from federal and state government agencies, companies and public stakeholders. The names of those appointed to the Committee can be found at the USEITI web site at: The Extractive Industries Transparency Initiative is a voluntary, global effort designed to increase transparency, strengthen the accountability of natural resource revenue reporting, and build public trust for the governance of these vital activities. Participating countries publicly disclose revenues received by the government for oil, gas, and mining development, while companies make corresponding disclosures regarding these same payments to the government, and both sets of data are reviewed and reconciled by a mutually agreed upon independent third party. Results are then released in a public report...more

They want U.S. companies to provide full disclosure to the entire world, while at the same time they stonewall the House Resources Committee over documents they refuse to provide.

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