Thursday, September 15, 2011

EU Parliament Adopts Oil, Gas Transparency Initiative


The European Parliament adopted a report Tuesday that included a provision calling for the European Commission to develop a plan for greater transparency by oil, gas and mining companies.

The report, which was first released July 25, contains a provision that calls for the EC to “establish legally binding requirements for extractive companies to publish their revenue payments for each project and country they invest in, following the example of the U.S. Dodd-Frank bill,” it said.

See full Article.