Campaigners hail ‘game-changing’ EU deal on oil and mining corruption

MEPs and ministers have agreed on 9 April 2013 a groundbreaking rules requiring oil and mineral companies to report payments made to third world governments.

The new rules will require extractive firms to declare all payments to governments over €100,000 on a country-by-country basis. The payments, which will cover a broad range of payments in kind, would have to be published for each individual project.

On the 10 April 2013, the European lawmaker who led the negotiations said that the British government, influenced by mining company Rio Tinto, attempted to undermine this EU law, despite the government's public declarations that it supports more disclosure.

• Primary Source

EUObserver, 09.04.13: EU to agree transparency rules for oil and mining firms http://euobserver.com/news/119744

EurActiv, 10.04.13: New EU rules target transparency of oil, gas revenues http://www.euractiv.com/sustainability/new-eu-rules-target-transparency-news-518997

EurActiv, 11.04.13: UK tried diluting EU law on mining transparency: MEP http://www.euractiv.com/sustainability/uk-tried-diluting-eu-law-mining-news-519049

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