Syndicate content

Extractive Industries Transparency Initiative

New Senior Director of Energy and Extractives on Challenges and Opportunities

Anita Marangoly George's picture

Q: As the new Director for the Energy and Extractives Global Practice at the World Bank, can you tell us about the greatest challenges you face in Extractives?

A: Extractive industries are complex and often risky, but when managed well they can foster transformative development in those countries that most need it.  Extractives play a dominant role in 81 countries whose economies together account for a quarter of world GDP. These 81 countries also represent half of the world’s population and nearly 70 percent of those in extreme poverty.  Given the need of these countries, a focus on natural resource management is important, but we must work diligently to mitigate the risks and improve governance structures so that the wealth generated from these activities benefits the poor.  Similarly, a cornerstone of all the work we do is to mitigate the social and environmental impacts of extractives projects so that they benefit neighboring communities as well as broader economic growth.  We also look forward to strengthening our work to improve governance of the extractive industries through efforts like the Extractive Industries Transparency Initiative (EITI) and minimizing the environmental footprint of projects by reducing routine gas flaring (Global Gas Flaring Reduction, GGFR).

Extractive Industries Can Work for the Poor

Kelly Alderson's picture

Making extractive industries wealth work for the poor
Everyone agrees that enhanced transparency—on payments, revenues, royalties and taxes—is essential to success in developing countries to turn earnings from oil, gas and mining into economic growth and poverty reduction. But that’s just the first step.

Mining Indaba Focuses on the New Science of Stakeholder Outreach

Kelly Alderson's picture

Mining Indaba 2014At Indaba Mining, the annual gathering Feb. 3-5 in Cape Town of leaders of Africa’s mining sector—from government, corporations and civil society—the words “sustainability” and “stakeholder outreach” were ubiquitous. This focus on sustainability issues reflects impressive progress made in recent years around how mining can contribute to shared value.

Do I need to understand conflict in order to do mining?

Christopher Sheldon's picture
Conflict Diamonds
A National Geographic Special on conflict diamonds.

I am a mining specialist, not a conflict specialist. But on my recent trip to Sierra Leone, I was struck by the ever-present need to look at extractive industries through the lens of conflict prevention.  The devastating 11-year civil war in Sierra Leone, in large part fueled by local alluvial diamond mining, is impossible to separate from future mining development.  With over 50,000 deaths due to the civil war, we cannot ignore the link between conflict and mining. 

Mining in the Congo Basin: Getting to the Heart of the Challenges

Leo Bottrill's picture

Film is a powerful tool for explaining environmental issues. I first learnt this lesson while trying to enlist local communities in northern Vietnam to help protect a strange blue faced and critically endangered primate called the Tonkin Snub Nosed Monkey. After a morning spent bombarding local leaders with facts and figures, they were polite but unmoved.

Houston - We Have a Problem When Transparency Does Not Convey Clarity

Michael Jarvis's picture

LNG
In downtown Houston last month, flags were unfurled everywhere promoting  LNG 17 - the biggest global gathering devoted to LNG, or liquefied natural gas, as well as its whole value chain.  Bringing together industry, governments and experts on everything from  "peak shaving" to floating liquefied natural gas facilities – to how LNG contributes to energy security, the conference proved a good platform to raise up and coming issues.  To that end, a World Bank Group session at the conference reviewed our own gas activities, and featured a discussion on "Petroleum Contract Transparency - the new normal?"