UK extractive industries transparency initiative: reconciliation and state of industry report 2017
- Document type
- Corporate author(s)
- Great Britain. Dept. for Business, Energy and Industrial Strategy
- Department for Business, Energy and Industrial Strategy
- Date of publication
- 25 February 2019
- Trends: economic, social and technology trends affecting business
- Business and management
- Material type
The Extractive Industries Transparency Initiative (EITI) is a global standard to promote open and accountable management of natural resources. It seeks to strengthen Government and company systems, inform public debate and enhance trust.
To that effect it requires oil, gas and mining companies to disclose their payments to Government agencies and for the reconciliation of these payments with Government receipts from these companies. In each implementing country, it is supported by a coalition of Government, industry and Civil Society organisations working together.
The fourth Extractive Industries Transparency Initiative (EITI) report covers payments and data for the 2017 calendar year and includes a short summary of the UK extractives sector and a reconciliation of payments made by oil, gas, mining and quarrying companies for the UK extraction of raw materials and government receipts.
Alongside the reconciliation report are 5 standalone documents covering:
- background information on the extractive industries;
- background information on oil and gas; and
- background information on mining and quarrying.
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