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Multinational firms collude with resource-rich but corrupt countries (Photo: Julien Harneis)

Oil and gas giants forced to publish payments under new rules

Oil and gas giants will be required to publish all payments they make to governments, under EU transparency rules backed on Wednesday by the European Parliament.

The reforms, which are included in the EU's Accounting and Transparency directives agreed by MEPs and government ministers, will require companies in the extractive and logging sector to publish an annual report disclosing the details of tax, bonuses and other payments made to governments for every project they operate, over a ...

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

Multinational firms collude with resource-rich but corrupt countries (Photo: Julien Harneis)

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

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