Developing countries must mobilize domestic resources for development. The extraction of natural resources has often been viewed as the greatest economic potential for socioeconomic development. However, most oil and gas extraction operations are controlled by multinational companies that can easily shift profits out of host countries. This report from Publish What You Pay Norway advocates for regulative policies that require the extractive industry to publish payments on a country by country basis and introduce a country by country reporting.
January 2012
Richard Murphy
January 2012To see the full report “An extended country by country reporting standard: A policy proposal to the EU,” please click here.