Department for Business, Innovation and Skills
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UK raises the bar for transparency in the extractive industries
The Prime Minister yesterday announced that the UK government intends to sign up to the Extractive Industries Transparency Initiative.
The Prime Minister yesterday announced that the UK government intends to sign up to the Extractive Industries Transparency Initiative (EITI). EITI was set up to help tackle corruption, to improve the way revenues from oil, gas and minerals are managed and to make sure that people across the world share in the economic benefits of the natural resources in their country.
The commitment, made following the Prime Minister’s meeting with the French President François Hollande yesterday, is part of a joint agreement with the French Government and will mean both governments will apply for formal candidacy of the EITI.
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