Oil Companies Should Call off Their Assault on Transparency

Ten years ago, an unlikely coalition of governments, citizens’ groups and oil, gas and mining companies known as the Extractive Industries Transparency Initiative (EITI) was set up to fight corruption in countries that are rich in natural resources, but mired in desperate poverty.

By encouraging extractive companies to publish accounts of the trillions of dollars they pay to governments for the world’s oil, gas and minerals, the EITI aims to empower people with information to track the money and ensure it’s used for their benefit, rather than swelling the bank accounts of dishonest politicians.