Many countries home to great resource wealth are also home to some of the world’s poorest communities. If companies were more transparent about payments made to governments to exploit oil and gas resources, there would be less room for corruption and more money available for development.
The Promoting Revenue Transparency: 2011 Report on Oil and Gas Companies, published by Transparency International in partnership with Revenue Watch, rates 44 companies on their levels of transparency. Representing 60 per cent of global oil and gas production, the companies are evaluated in three areas:
- reporting on anti-corruption programmes
- organisational disclosure
- country-level disclosure of financial and technical data.
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