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Category: National News

Washington, DC - The Extractive Industries Transparency Initiative (EITI) has set a global standard designed to help promote the open and accountable management of extractive industry resources.  With 51 countries implementing the standard, including the United States, the EITI is working to strengthen citizens’ understanding of their country’s oil, gas, and mining sectors by promoting the disclosure of extractive industry revenues paid by companies and received by governments. 

By increasing transparency and accountability in the extractives sector, the EITI is helping countries to improve governance, attract investment, and combat corruption and mismanagement so that citizens benefit from their country’s natural resources.  As one of the first global multi-stakeholder initiatives, the EITI has robust participation from governments, companies, and civil society from each EITI implementing country.

The United States has long supported the mission of EITI, including by sitting on its international Board and by making financial contributions to support EITI implementation around the world.  These global efforts include:

In addition to its global benefits, the Obama Administration believes that the EITI can make a valuable contribution to citizen understanding of the extractives industry here in the United States.  The data disclosed through the EITI highlights the value of industry contributions to the U.S. government and helps ensure the full and fair return to the American people for the use of its public resources. 

Since President Obama announced in 2011 that the United States would also implement the EITI domestically, the United States has: