International Content

Extractives: How sustainable is social investment?

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Can the social investment made by extractive companies in their host countries and communities survive company cost-cutting in the commodity downturn? The extractives industry is facing a bumpy ride, and we’re looking at a long road to recovery. Cost-cutting, efficiency and productivity are all buzz words negatively impacting local communities. Through social spending cuts, community-related …

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Revenues from the Extractive Industries to Local Government Authorities: Are allocations adequate to end Poverty in Tanzania?

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Source of Article: www.goxi.org There are concerns that Tanzania’s lucrative extractive industry is not generating adequate revenues and not contributing significantly to the reduction of poverty and that the country could slide into another “resource curse” a phenomenon so common in many African resource-rich countries. This was said by Dr. Martin Kijazi, a consultant at the Center …

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Alarming increase in trade misinvoicing in Ghana since 2007 – report

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  According to data on illicit financial flows in and out of Ghana gathered by Global Financial Integrity (GFI), a Washington-based non-profit organization, illicit financial outflows from Ghana have risen sharply since 2008 to record levels. According to a report on the nature and extent of trade misinvoicing in Ghana authored by GFI, illicit financial …

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It’s the economy that needs to be integrated into the environment – not the other way around

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  By Andrew Simms Tuesday 14 June 2016   BP’s call for a ‘meaningful carbon price’ is the latest example of wrongly trying to apply economic theories and tools to the environment ‘There are many economic and scientific problems in pricing nature and the environment – and philosophical issues too.’ Photograph: Philippe Six months and …

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Cameroon moves to curb forest loss linked to Chinese investment

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  YAOUNDE (Thomson Reuters Foundation) – A rise in Chinese companies operating in Cameroon’s timber sector, combined with weak law enforcement, have fueled a surge in illegal logging that is fast depleting the nation’s forests, experts warn. But the government is hoping a new association it has set up for Chinese firms exploiting forests will …

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Mining, money and murder: the deadly struggle to protect South Africa’s Wild Coast 

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Nonhle Mbuthuma of Amadiba Crisis Committee shows the red sand at Kwanyana Beach near Xolobeni that is at the centre of the dispute. Photo: Loyiso Mpalantshane via Sustaining the Wild Coast.   The pristine landscape of South Africa’s Wild Coast is under threat from mining, writes Hal Rhoades, and the communities standing up to defend …

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Panama Papers Prove Law Enforcement Right on Beneficial Ownership

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“ICE has long recognized the misuse of corporations and limited liability companies (LLCs) formed under State law as a serious threat to the ongoing effort to combat international criminal activities. The lack of corporate transparency has allowed criminal entities a gateway into the financial system and further veils their illicit activity. Investigations can be significantly …

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Under-Mining Agriculture: Global Food and Public Health Threatened by the Extractive Sector.

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UnderMining Agriculture: How the Extractive Industries Threaten our Food Systems, produced by The Gaia Foundation and global allies, exposes the hidden costs of mining on food, water, land, air and climate, showing how each is increasingly affected by toxins as the global land and water grab intensifies.   The world’s food production and millions of …

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From Reports to Results: The Story Behind Ghana’s EITI Success

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  In February, the Ghana Extractive Industries Transparency Initiative (GHEITI) received a 2016 EITI Chair’s Award for helping turn policy recommendations into actionable reforms at EITI’s global conference. GHEITI’s accomplishments include influencing the country’s mining fiscal regime and leading on the institutionalization of suabnational royalty utilization guidelines. Ultimately, the initiative increased the amount of extractive revenues data available to …

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