Why don’t we use open source software development techniques in the energy industry? There’s an easy answer to that, of course. The current structure of competition is so heavily biased towards zero-sum game conceptions, between companies and between the corporate sector and host governments, that it would be hard to make happen. Ghana, or Yemen, more »
Recent blog posts
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- Public interest modeling is the entry point, not the grand finale, of transparency work
One short clause, inserted late in intense negotiations into a US bill to clean up Wall Street just before the summer break, may be about to transform disclosure and reporting rules for extractive companies around the world. Section 1504 of the Dodd–Frank Wall Street Reform and Consumer Protection Act, signed into law by President Obama on July 21, amends the 1934 Securities Exchange Act to require any company with a financial listing from the Securities and Exchange Commission (SEC) to provide a report annually on almost every payment it makes to any government around the world to develop oil, gas, or other natural resource industries. The bill, more commonly known as the Wall Street Reform Act (WSRA) specifies payments by type, such as taxes, royalties and signature bonuses, and also that such payments should be listed project by project.