Why the EITI Rules need to cover licensing: the case of the DR Congo
In July and August 2011, news came out that state mining companies in the Democratic Republic of Congo (DRC) Gécamines and Sodimico had sold stakes in four major mining sites without making the information public. There are several major concerns over the deals, notably:
Global Witness Submission to International Development Select Committee Inquiry on Tax and Development
Global Witness' response to an International Development Select Committee Inquiry on Tax and Development. Our response highlights the need for disclosure of revenue payments in the extractive sector and for more information to be made available about the ultimate - or beneficial - owner of companies.
Financial Times: US to probe Cobalt oil links in Angola
By Tom Burgis in London
US authorities have launched an investigation into Cobalt International Energy’s operations in Angola, where the Goldman Sachs-backed group is developing one of the world’s most promising oil frontiers.
Houston-based Cobalt said in a regulatory filing on Tuesday that US regulators had issued notice of a formal probe in November following informal discussions about allegations of ties between its local partner in Angola and senior government officials in the oil-rich southern African nation.
Principles for Independent Monitoring of REDD (IM-REDD)
Governance is key to REDD+. Through internationally agreed principles, safeguards and standards, a roadmap for progress towards the good governance required for successful REDD+ will be developed. Importantly, it will be owned by the countries concerned. A clear conflict of interest exists if governments monitor their own performance. A set of 10 principles can be dervied from Independent Forest Monitoring, developed over the decade to address precisely this problem.
Submission to the Foreign Office Overseas Territories consultation
This submission focuses on the role of the financial sector of the British Virgin Islands (BVI) in facilitating a possible loss in value of billions of dollars from state mining assets in the Democratic Republic of Congo (DRC), a country that remains at the bottom of the UN’s Human Development Index and which is a significant recipient of UK aid. It was made by Global Witness and Tax Justice Network in response to the Foreign Office's consultation on the Overseas Territories.
The need for resource transparency beyond the Extractive Industries Transparency Initiative : Lessons Learned
Over the next three years, Afghanistan will be awarding contracts for many of its valuable mineral and petroleum reserves. It is critical to Afghanistan’s future that access to these resources is managed carefully, with checks and balances in place to guard against corruption and conflict risks and to ensure that potential economic, social and environmental impacts are considered and addressed from the outset.
Why we are leaving the Kimberley Process - A message from Global Witness Founding Director Charmian Gooch
Read the press release
External briefing on Safeguarding REDD+
This briefing, carries out by consultant group LTS International, examines existing systems for ensuring that finance for the UN's Reducing Emissions through Deforestation and Degradation scheme, under which rich countries pay developing ones to preserve rather than harvest their forests, is used effectively and transparently, and outlines what still needs to be done to ensure this.
Read Global Witness briefing on this issue.
Huge Cost of Tax Evasion Revealed as Campaign to Tackle Tax Havens Launches
New research published by the Tax Justice Network shows that tax evasion costs 145 countries, representing over 98% of world GDP, more than US$3.1 trillion annually.
In the UK for instance, a staggering £69.9 billion a year is lost to tax evasion in the ‘shadow economy’ - that is, 56% of the country’s total healthcare spend.
Global Witness spokespeople available for comment on “secret sales” scandal in DR Congo
Global Witness welcomes the recent statement by UK MP Eric Joyce raising concerns over the secretive sales of what appear to be billions-of-dollars-worth of mining assets in the Democratic Republic of Congo.