In a surprisingly rainy Sydney, over 1200 people gathered last week for the Global Conference of the Extractives Industries Transparency Initiative (EITI) – a multistakeholder effort bringing together stakeholders from government, civil society, oil, gas and mining companies and investors in support of transparency to help ensure citizens see the benefits from their country’s natural resources.
Extractive Industries Transparency Initiative
With preparations for the G8 Summit in June in full swing, British Prime Minister David Cameron has made clear that transparency will be a key theme and within that a focus on transparency not just in the extractives sector but around land more broadly. This is in large part a response to concerns around the proliferation of large scale land acquisitions – the “land grab” phenomenon. Certainly that topic dominated discussion at the World Bank’s annual Land and Poverty conference this month.