Sarkozy Pledges to Help End Secrecy in the Extractive Industries

From Earth Rights International:

Inspired by similar U.S legislation passed in 2010, and in an effort to promote the responsible use of resource-related revenues, French President Nicolas Sarkozy has pledged to try and increase the European Union’s effort to pass legislation that would require registered oil, gas and mining companies in Europe to disclose their resource-related payments to governments.

Sarkozy stated his intention to organize a meeting on the issue at the G8 and G20 meetings in Paris in March, and pledged to ask the EU to “adopt as quickly as possible legislation forcing companies in the extractive sector to publish what they pay to host countries.”

Read the full article here.

U2 singer Bono also recently called out the president in a letter published by French daily Le Monde, asking France to take the lead on supporting a European bill that would aim at tackling state-level corruption and redistribute natural-resource revenues to the populations of African countries.

“I have decided to ask the European Union to adopt as quickly as possible legislation forcing companies in the extractive sector to publish what they pay to host countries,” Sarkozy wrote in the letter to Bono.

For more information click here.

French President Nicholas Sarkozy

U2 Singer Bono

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