The urgency of climate action and the complexity of the energy transition mean it has never been more important to be able to understand the deals made between companies and governments for oil, gas and minerals.
Since 2021, implementing countries of the Extractive Industries Transparency Initiative (EITI) have been required to disclose the contracts between governments and extractive companies. These briefing surveys the contract disclosure practice of the 57 EITI-implementing countries to understand the extent of their contract disclosure practice. The briefing highlights trends, areas of insufficient disclosure and best practices.
It also finds out that there are glaring gaps in the implementation of the EITI requirements on contract transparency.
Roughly one third of EITI-implementing countries are yet to disclose contracts, while a further third are disclosing only partially. A final third includes countries that disclose well in at least one sector, but of these only half disclose well in both relevant sectors.
Download the report to read more about other findings and priority recommendations to address the challenges.