Open up the books: Project-by-project reporting is vital

CAFOD blog

Twelve organisations, includingCAFOD, signed a letter in the Financial Times, 11 June 2012, calling for project-by-project reporting. Read the letter below, and join our Open up the books campaign.

Email UK government ministers now to back our  call for companies to open up their books >>

Sir, The Publish What You Pay coalition of transparency activists has consistently highlighted the substantial contribution oil, gas and mining companies can make to countries in need of revenues for development. For this reason we welcome industry support for new European Union tax disclosure rules (“Project-by-project reporting will not allow citizens to ‘follow the money’ ”, Letters, 6 June). However, this opposition to publishing payments for each oil/mining project is based on a series of misunderstandings.

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Filed under Advocacy, Development, Extractive Industries

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