The Extractive Industries Transparency Initiative (EITI) stands or falls on the strength of its civil society component. Only with well-coordinated, inclusive and influential civil society participation will EITI reports inform public debate and lead to improved governance in the extractive sector. Civil society input underpins success throughout the EITI process, from consulting communities affected by…Read Download
Many ways to lose a billion
Countries rich in oil, gas and minerals often fail to secure a fair share of their natural resource wealth. Revenue loss from the extractive sector is particularly significant given the large
number of countries that depend on natural resource revenues for a substantial portion of their annual budgets. Companies employ a wide range of strategies to minimize their payments to
governments. Their efforts to avoid tax are facilitated by weak institutions, inadequate policies and regulations, badly negotiated contracts, and insufficient government monitoring and auditing.
This report, by PWYP Canada, responds to a persistent question: is my government receiving its fair share of revenues from extractive sector projects? While no single report can specify what constitutes a fair share for every resource project, by identifying and illustrating the common pathways to government revenue loss in the extractive sector, this report will help stakeholders pinpoint mechanisms and policies that can safeguard critical revenues.