Oil, Gas & MiningCampaign
Oil, Gas and Mining
Money from oil, gas and mining can help lift entire countries out of poverty in much of the developing world. Properly managed, it can build schools, hospitals and roads, and reduce dependency on international aid. But all too often, the revenue goes missing because deals are done behind closed doors, allowing small, corrupt elites to profit at the expense of ordinary citizens.
US Conflict Minerals Law
In 2010, US Congress passed a landmark law - section 1502 of the Dodd Frank Act - requiring companies to determine if their products contain one or more of four minerals sourced from Congo or its neighbours.
"In The Press" Article / Nov. 24, 2011
Global Witness on banks and corruption in the New York Times
This op-ed appeared in the International Herald Tribune The Stolen Money Trail By Anthea Lawson Earlier this month, Swiss bank regulators found that four Swiss banks had not done enough to identify dictators’ assets they held. Earlier this year, Britain’s Financial Services Authority investigation into London banks found that three quarters of them were not doing enough to verify the sources of some customers’ wealth.
Press Release / Aug. 24, 2011
Libya’s oil must now be used to drive development and foster peace
Unfrozen Libyan assets must be managed in an open and transparent way Read how Libya’s assets can be used to foster peace and drive development With Colonel Gaddafi’s 42 year dictatorship apparently drawing to a close, the Libyan National Transitional Council (NTC) and supporting countries must put measures in place to guard against a Libyan “oil grab” and ensure the Libyan people benefit fully from the exploitation of Libya’s natural resources, said Global Witness today.