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.
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?