The Extractive Industries Transparency Initiative (EITI) is a global standard that promotes open, accountable and inclusive management of natural resources. It is a tripartite initiative which involves governments, civil society and extractive companies. Governments who sign up to the initiative pledge to publish the payments they receive from extractive companies - as well as certain other relevant information such as subnational transfers - and have extractive companies operating in their jurisdiction publish the payments they make. The findings are then collated in a report which is distributed throughout the country to inform debate and a better management of natural resources. The Publish What You Pay coalition was instrumental to the launch of the initiative and continues to both challenge and support it at the international and national level. Currently, the EITI is being implemented by more than 45 countries, more than 30 of which are compliant with EITI requirements.
Map of EITI countries, including up-to-date facts and figures, is available from the EITI website.
Canada and the EITI
The Government of Canada announced its support for the EITI in February 2007 and maintains this support through ongoing funding and active participation in the EITI board.
However, PWYP-Canada urges the government to go beyond supporter status and start implementing the initiative. Canada’s membership - as a northern resource-rich country - would solidify EITI’s status as a truly global initiative. Furthermore, it would complement the passage of the Extractive Sector Transparency Measures Act whereby Canadian extractive companies are obliged to publish their payments.
Implementing the EITI in Canada, at the Federal and/or provincial levels, through its multistakeholder process, would not only promote a more transparent management of natural resources at home but also provide an important forum for an informed debate about crucial domestic extractive issues, from land rights to oil sands to tax rates.