In August 2012, the U.S. Securities and Exchange Commission issued final rules to implement Section 1504 of the Dodd-Frank Act, requiring registered companies to publicly report how much they pay governments for oil, gas and minerals.
International Financial Reporting Standards (IFRS) as set by the International Accounting Standards Board in London, are the accounting rules that govern and influence much of the financial disclosure by the world's oil, gas and mining industry.
An active, knowledgeable press plays a critical role in helping the public and parliaments to engage in governance issues, enabling them to hold government and companies more accountable.
The Natural Resource Governance Institute conducts advocacy at all levels of government and in the private sector to encourage better stewardship of natural resources for the public good.
The Natural Resource Charter is a set of principles to guide governments' and societies' use of natural resources so these economic opportunities result in maximum and sustained returns for a country's citizens.
The development of civil society capacity is a mainstay of NRGI's work. We provide financial and technical training and support in over 30 countries, as well as training materials, research tools and forums for citizen groups, members of parliaments and government officials.
Learn how NGOs can help to secure government commitments that promote transparency, empower citizens and fight corruption.
As prices of various commodities fall, many resource-rich countries are facing increasingly difficult choices. This series of articles, by NRGI experts and the organization’s partners, explores specific challenges in different contexts, as well as the solutions open to countries facing lowered investment, reduced government revenues, and increasing deficits.
While treaties, laws and other legal documents defining the relationship between governments and private companies are public, contracts between governments and oil, gas and mining companies are often shrouded in secrecy.
NRGI believes that the transparency and accountability movement will be effective over the long term only if legislatures, which have critical lawmaking and budget oversight responsibilities, are also involved.
Data is the raw material that powers advocacy. NRGI is creating digital tools to enhance transparency and accountability in natural resource governance.
Publish What You Pay (PWYP) is a global network of civil society organizations that are united in their call for oil, gas and mining revenues to form the basis for development and improve the lives of ordinary citizens in resource-rich countries.
In August 2012, the U.S. Securities and Exchange Commission issued final rules to implement Section 1504 of the Dodd-Frank Act, requiring registered companies to publicly report how much they pay governments for oil, gas and minerals.
NRGI is establishing six regional "knowledge hubs" to offer training and support for civil society organizations, members of parliament and journalists to help them analyze issues linked to oil, gas and mining, and develop robust advocacy campaigns.
Economic diversification is vital to resource rich countries' long-term economic growth. Vibrant and stable economies usually generate a large share of their income in the manufacturing and service sectors.
Natural Resource Governance Institute's applied research on key resource management issues helps NRGI build its expertise and share it with partners around the world.
The Extractive Industries Transparency Initiative (EITI) seeks to improve natural resource revenue transparency by requiring that oil, gas and mining companies in participating countries publish what they pay to governments and that governments publish what they receive from companies.
The NRGI Resource Center, a tool for knowledge-sharing and transparency advocacy, gives activists, civil society members, government officials, legislators, journalists and students access to hundreds of documents on the management of natural resource wealth.
NRGI provides pro-bono, demand-driven expert advice to citizen groups and government officials seeking to steer their countries toward more transparent, accountable and effective management of oil and mineral resources.
The 2013 Resource Governance Index (RGI) measures the quality of governance in the oil, gas and mining sector of 58 countries among the world's top producers of oil, gas and minerals.
NRGI offers support for individuals through annual Petrad Fellowships.
Mismanagement of oil, gas and mineral revenues can have enormous costs for citizens of resource rich countries. The Natural Resource Governance Institute works to improve the national management of natural resources through objective research, analysis and advocacy.
Good governance requires that citizens have a voice in oil, gas and mining sector decisions and the ability to monitor the actions of public officials and companies.
State-owned companies are major players in the oil and mining sectors in dozens of oil- and mineral-rich countries.
The NRGI IKAT-US project is a USAID-funded partnership with three Indonesian NGOs and regional civil society counterparts.
NRGI is helping subnational governments manage natural resource revenues so they can provide the most important social services to citizens.
Along with expert advice to governments, parliamentarians and civil society, NRGI provides legal analyses of draft oil and mining laws and of fiscal regimes for managing resource wealth.
NRGI has developed training courses and materials that meet the learning needs of civil society advocates, government officials, journalists and parliamentarians working toward improving the management of oil, gas and minerals.