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Progress in extractive mining disclosures emerges, even as U.S. backs away

Joe Mont | July 11, 2018

For years, human rights activists have warned of the “resource curse,” the prospect that resource-rich, but still-economically-developing countries could find themselves exploited by oil, gas, and mining companies that come knocking on their door for extractive rights.

It isn’t just the companies that are the problem. Plenty of corrupt politicians around the world have been more than happy to sell out their countrymen for personal gain under the guise of permits, taxes, and facilitation payments.

The tide, however, may be turning, albeit slowly.

A new survey by Oxfam, a confederation of 20 charitable organizations focused on the fight against global poverty, says that companies in the oil, gas, and mining sectors are increasingly adopting full contract disclosure policies. It urges, however, that more companies should adopt similar policies, and proactively disclose contracts on their Websites. 

“Corporate support for disclosing oil and mining deals...

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