As conflicts with local communities are a problem for oil, gas and mining companies around the world, a new report by Oxfam finds that the number of mining companies with commitments to “Free, Prior and Informed Consent (FPIC)” has almost tripled since 2012.
Burkina Faso is the fourth largest gold producer in Africa just behind South Africa, Ghana and Mali! Between 2009 and 2012 gold mining represented, 26% of GDP and 45% of exports. The revenue derived from gold mining evidently does not benefit the people.
Oxfam is urging President Obama and African leaders to make bold commitments to help transform African institutions into models of transparency and accountability.
12 June 2013 - Oxfam welcomed the Prime Minister’s announcement today that Canada will require mandatory disclosure of payments to governments by mining, oil and gas companies.
Oxfam International Executive Director Winnie Byanyima said:
“Oxfam welcomes this high-level push for transparency and accountability in the oil and mining sector.
Africa’s remarkable growth, driven in large part by a minerals and energy boom, is threatened by illicit capital outflows and widening income gaps.
Today at the G8 Summit, President of the European Commission, Manuel Barroso, said that one of the reasons he came to the G8 Summit was to get backing for the obligations of oil, gas and mi