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DOI Announces Formation of Committee to Guide Implementation of the Extractive Industries Transparency Initiative
Secretary of the Interior Ken Salazar has announced the establishment of a national committee to guide and oversee U.S. implementation of the Extractive Industries Transparency Initiative (USEITI), a voluntary, global initiative designed to increase transparency, strengthen the accountability of natural resource revenues, and build public trust for the governance of these vital activities. The committee will oversee the U.S implementation of EITI, which commits participating countries to disclose to an independent reconciler certain revenues obtained for oil, gas and mining development. It also commits companies to make parallel disclosures regarding payments to the government.
Interior is seeking nominations for the committee from industry, civil society, and other stakeholders. The committee will be convened as a new federal advisory group established under the Federal Advisory Committee Act. The committee will consist of approximately 21 members to represent a range of interests concerned with the implementation of USEITI. Members will include non-federal representatives from the extractive industry and the public, and may ultimately include representatives from state, local, and/or Tribal governments.
Nominations for membership on the committee must be received by August 27, 2012. For more information please visit http://www.doi.gov/EITI/index.cfm