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T&T’s first EITI report sets benchmark
T&T’s first annual Extractive Industries Transparency Initiative (EITI) report came in for high praise at the Latin America and Caribbean Regional Conference and Training Workshop which the EITI recently held in Bogota, Colombia. Attending were Mark Regis, head of the TTEITI Secretariat and a four-member delegation of representatives from government, extractive companies and civil society. At the opening, Jonas Moberg, head of EITI’s International Secretariat, described T&T’s first report as a fine model.
It should be emulated by new countries like Honduras and aspiring entrants to the 41-country global energy transparency initiative like the United States, Guyana and Colombia. The subsequent two day training workshop focused on the EITI’s new standard. This standard encourages more precise information and mandates governments to disclose more information.
The first TTEITI report, published on September 30, contains significant, easy to understand details about the way the energy sector operates, and reveals for the first time the individual payments made by oil and gas companies—both private and state—to the Government on an annual basis. Copies of the report can be downloaded from the TTEITI Web site www.tteiti.org.tt or via the TTEITI mobile application available in the Google Play store.
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