By Marie Gay Alessandra V. Ordenes, VERA Files
How much is the government really getting from mining? How about other extractive industries such as gas and oil? How much is the industry actually paying the government? And, most important, do such payments comply with laws?
Filipinos should be getting the answers to these and other questions about the extractive industries after the government formed the Philippine Extractive Industries Transparency Initiative (PH-EITI) following the issuance of Executive Order No. 79.
The Philippines was admitted as a “candidate” country by the EITI International Board on May 22 during the International EITI Conference in Sydney, Australia.
The Philippines now counts among the 37 countries that have committed to implement or are implementing the EITI, a global standard of transparency begun in 2003 that requires extractive industries to publish what they pay to the government, and the government to publish what they collect from theseRead More »from Transparency in the extractive industries