What\’s Ritchie blathering about now?

Large extractive companies dealing with oil, gas and minerals would be obliged to disclose full information on their payments to national governments, on a country-by-country and project-by-project basis, according to a negotiation mandate approved on Tuesday by the Committee on Legal Affairs.

Hmm, OK. That\’s the Extractive Industries Transparency Initiative.

Ritchie says:

It’s nine years and 11 months since I first came up with the idea of country-by-country reporting.

And it\’s 10 years exactly since Tony Blair announced the EITI at the World Development Summit.

You don\’t think that Ritchie\’s idea could be, umm, derivative, do you?

Especially since the idea had been around for some time before the announcement?

3 thoughts on “What\’s Ritchie blathering about now?”

  1. Some more Ritchie revisionism….he normally states he came up with the idea of CbC reporting in 2005 (from memory).

    Shame then that transfer pricing regulations started to be drawn up in 1979 specifically in response to the massive problems surrounding CbC reporting.

  2. Large extractive companies dealing with oil, gas and minerals would be obliged to disclose full information on their payments to national governments, on a country-by-country and project-by-project basis, according to a negotiation mandate approved on Tuesday by the Committee on Legal Affairs.

    Which, as BP found out in Angola, is illegal in some of those countries in which they operate. And I very much doubt too many foreign governments would allow the reporting of project finances in which they are a consortium member (which is most of them).

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