Extractive Industries Trasparency Initiative (EITI) have reported that President Obama intends to implement its mandate on greater transparency within the extractive industry. Canada lags behind as it has thus far only agreed to become a supporting nation of the EITI.
In his speech President Obama said: “Today, I can announce that the United States will join the global initiative in which these industries, governments and civil society, all work together for greater transparency so that taxpayers receive every dollar they’re due from the extraction of natural resources.”
In the United States’ OGP National Action Plan, the US Government states that it “Is Hereby Committing to Implement the EITI to Ensure that Taxpayers Are Receiving Every Dollar Due for Extraction of our Natural Resources”.
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