Publish What You Pay
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| Abbreviation | PWYP |
|---|---|
| Formation | December 1999[1] |
| Type | NGO |
| Purpose | Financial transparency in the extractive industry |
| Headquarters | London, United Kingdom |
Region served | Global |
International Director | Marinke van Riet[2] |
| Affiliations | Open Society Foundation, Global Witness, CAFOD, Oxfam GB, Oxfam Novib, Save the Children UK, Transparency International UK, Catholic Relief Services, Human Rights Watch, Partnership Africa Canada, Pax Christi Netherlands and Secours Catholique/Caritas France, a number of groups from developing countries.[1] |
| Website | publishwhatyoupay.org |
Publish What You Pay (PWYP) is a group of civil society organizations that advocates for financial transparency in the extractive industry.[3][4][5][6][7][8]
The group wants companies to declare the amount of money being paid to governments for the rights to extract oil, gas, and other natural resources.
In 2009 a report about PWYP's origins and progress between 2002 and 2007 was released. Entitled Publishing What We Learned, it was authored by Mabel van Oranje, formerly of the Open Society Institute, and Henry Parham, former International Coordinator of PWYP. It is freely available in English, French and Russian.[9]
References
- ^ a b http://www.publishwhatyoupay.org/about/history
- ^ http://www.publishwhatyoupay.org/about/staff/international-director
- ^ Stewart, Heather (February 20, 2011). "Britain backs 'publish what you pay' rule for oil and mining firms in Africa". The Guardian. Retrieved March 12, 2012.
The long-running Publish What You Pay campaign, supported by a coalition of civil society groups worldwide, argues that if the scale of the payouts to host-country governments were revealed, voters would hold their leaders to account.
- ^ Milmo, Dan (September 19, 2011). "Big energy and mining groups 'hide accounts using secrecy jurisdictions'". The Guardian. Retrieved March 12, 2012.
The study by Publish What You Pay Norway, which campaigns for transparent accounting among oil, gas and mining giants, claims that populations in resource-rich countries are losing out because they are unable to extract financial information from businesses operating on their soil or off their seaboards.
- ^ "Publish What You Pay Wins the 2010 Commitment to Development Award". Center for Global Development. November 15, 2010. Retrieved March 12, 2012.
Publish What You Pay, a global civil society coalition dedicated to promoting revenue transparency in the oil, gas, and mining industries, is the 2010 winner of the Commitment to Development "Ideas to Action" Award, sponsored jointly by the Center for Global Development (CGD) and Foreign Policy magazine.
- ^ Harden, Blaine (December 15, 2002). "The Year in Ideas; Forced Transparency". The New York Times. Retrieved March 13, 2012.
The Publish What You Pay coalition prods major companies to declare how much money they give governments in order to extract oil and minerals.
- ^ http://www.sec.gov/comments/s7-42-10/s74210-29.pdf
- ^ Ian Bannon, Paul Collier (2003). Natural resources and violent conflict: options and actions. World Bank Publications. ISBN 0-8213-5503-1.
The Publish What You Pay campaign is calling for governments in developed countries to require stock exchanges to demand full disclosure of payments as a condition for company listings.
- ^ Mabel van Oranje and Henry Parham (2009). Publishing What We Learned. PWYP. p. 156.
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