U.S. Extractive Industries Transparency Initiative
EITI is an international standard. The Extractive Industries Transparency Initiative, or EITI, is a voluntary, global effort designed to strengthen accountability and public trust for the revenues paid and received for a country’s oil, gas and mineral resources. Countries that follow the standard publish a report in which governments and companies publicly disclose royalties, rents, bonuses, taxes and other payments from oil, gas, and mining resources. The Standard has two core elements:
1 | TRANSPARENCY
Companies publish what they pay and governments publish what they receive in an EITI Report.
2 | ACCOUNTABILITY
This process is overseen by a multi-stakeholder group of governments, companies and civil society.
The United States is committed to implementing the EITI Standard. In September 2011, the U.S. announced that it would begin the multi-year process of becoming an EITI Compliant country. The U.S. intends to implement EITI to provide accessible and useful information about public resources and their associated revenues. Doing so will bolster the social license to operate and strengthen the investment climate for extractive industries. Public policy will be better informed, and public trust will be strengthened. With this effort in participatory government and collaborative decision-making, public financial management will be enhanced and citizens will ensure that the government receives a fair return for the public resources it manages on their behalf. Download factsheet.
Initial Steps. In December 2012, following a comprehensive stakeholder assessment and call for nominations, the Secretary of the Interior formed the USEITI Multi-Stakeholder Group Federal Advisory Committee, also known as the MSG. The USEITI MSG is comprised of 21 members and 20 alternates who represent a variety of stakeholders. The USEITI MSG has met several times since February 2013 to oversee EITI implementation, define the scope and materiality for initial USEITI reporting, and prepare an application for EITI candidacy. On December 11, 2013, the MSG approved the U.S. Candidacy Application, and on December 19, 2013, Secretary of the Interior submitted the Application to the EITI International Board.
U.S. Admitted as an EITI Candidate Country. On March 19, 2014, the United States was accepted as a 'Candidate' country to the global transparency standard of the Extractive Industries Transparency Initiative (EITI). The U.S. joins the over 40 countries that have committed to improved transparency of government revenues from the extraction of natural resources.
Marking the U.S. Candidacy Acceptance at the International EITI Board Meeting in Oslo, Norway are from left to right: Bob Cekuta (U.S. Department of State), Clare Short (Chair-EITI Board), Greg Gould (U.S. Department of the Interior), and Jonas Moberg (EITI Secretariat).
Statement from Secretary Jewell: “Today's announcement underscores President Obama's continued and unwavering commitment to leading by example in promoting transparency, accountability, and good governance both domestically and globally. As stewards of the natural resources owned by every American citizen, the U.S. Department of the Interior is proud to lead the USEITI effort to build on the existing transparency and accountability reforms to our natural resource management that were launched under this Administration. This milestone is also a testament to the collaborative and participatory work of the USEITI multi-stakeholder group, which worked hard on the complex issues presented by the U.S. extractive sector to come to unanimous consensus on the USEITI candidacy application.”
- DOI Press Release
- White House Statement
- EITI Media Release
- Secretary Jewell Letter
- MSG Approved Candidacy Application
OPPORTUNITIES FOR PUBLIC PARTICIPATION
We would love for you to be involved. Members of the public are welcome at USEITI Multi-Stakeholder Group Meetings. There is also always a phone line open for remote participants. Meeting materials are available here for past and near-term upcoming meetings.
USEITI MSG Meetings
All meetings are held in Room 5160 of the Main Interior Building, 1849 C Street NW, Washington, DC 20240.
- April 23-24, 2014
- June 10-12, 2014
- September 9-11, 2014
- November 18-20, 2014
Mail: USEITI Secretariat
1849 C Street NW MS 4211
Washington DC 20240
Phone: (202) 208-0272
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