EVENT-Beating the Resource Curse: Is the EU Oil, Gas and Mining Transparency Legislation Fit for Purpose?

Author
Elena Gaita
Date
27 July, 2018
Type
Event
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Thursday 18 October 2018 – 09:00-11:30

European Parliament, Rue Wiertz 60, Brussels, Room ASP 3H1

Transparency International EU (TI EU) and Publish What You Pay (PWYP) invite you to a conference on transparency in the oil, gas and mining sectors. Hosted by S&D Group MEP Sergio Cofferati, the event focuses on the current state and review of the EU Accounting Directive with regard to the transparency and accountability requirements for the extractive sector. This game-changing legislation was adopted in 2013 and requires large oil, gas, mining and logging companies listed and registered in the EU to disclose their revenue payments to the governments of the countries they are active in on a project-by-project basis. The European Commission is currently carrying out a review of the legislation and should publish its findings and recommendations in the first half of 2019.

The event will bring together representatives of the European Parliament and the European Commission as well as industry representatives and civil society from resource rich countries to exchange views on the implementation of the legislation and possible improvements. The event’s keynote speech will be delivered by Financial Times investigations correspondent Tom Burgis, author of the book ‘The Looting Machine’.

The event has a limited number of seats. Breakfast will be provided in the room as of 08:30. 

Please confirm your participation in this event through this registration link.

Deadline for registration is Thursday 11 October.

 


Tentative agenda

18 October 2018, 09:00 – 11:30
European Parliament, Room ASP 3H1

 

08:00 – 09:00   Registration and breakfast

09:00 – 09:10   Welcoming and opening remarks

  • MEP Sergio Cofferati, S&D Group

09:10 – 09:20   Introductory speech

  • Eric Ducoulombier, Acting Director of Investment and Company Reporting, DG FISMA, European Commission

09:20 – 09:35   Keynote speech – Corruption in the oil and mining industry

  • Tom Burgis, Investigations Correspondent, Financial Times, author of ‘The Looting Machine: Warlords, Oligarchs, Corporations, Smugglers and the Theft of Africa’s Wealth’

09:35 – 10:25   Panel I: The EU’s extractives’ transparency legislation five years later: use of data and first findings

Chair: MEP Pascal Durand, Group of Greens/EFA

  • Elena Gaita, Transparency International EU
  • Jim Haslam, University of Sheffield
  • Ali Idrissa, Publish What You Pay Niger

Open debate

10:30 – 11:20   Panel II: Next steps and opportunities in extractives’ transparency: The European Commission’s legislative review

Chair: MEP Evelyn Regner, S&D Group

  • Alain Deckers, Head of Unit, Accounting and financial reporting, DG FISMA, European Commission
  • Jannik Lindbæk, Head of Equinor EU Affairs Office
  • James Royston, Publish What You Pay International

Open debate

11:20 – 11:30   Closing remarks

  • MEP Pascal Durand, Group of Greens/EFA

Related Projects

Extractive Industries Transparency

Natural resources can bring considerable amounts of wealth to a country. However, an estimated 680 million people in resource-rich countries still live on less than 2 USD per day. For these people, wealth in natural resources has failed to deliver...

Want to know more? Get in touch

Elena Gaita

Policy Officer – Corporate Transparency
egaita@transparency.org