Oil, Gas and Mining: A Sourcebook for Understanding the Extractive Industries
Published On Tue 20 Jun 2017
In 2010 CEPMLP received a US$1.5 million grant for a unique study on good practice issues in the development of hydrocarbons and mining resources in capital importing countries.
This Extractive Industries Source Book project collated diverse experiences from disparate sources, drawing on a wide variety of stakeholders, and made the results readily available to senior users in government departments in developing countries as well as civil society groups and decentralised, informal networks.
"Poor choices are often made by governments through a lack of knowledge of experiences in countries with similar circumstances. The shortcomings in development outcomes in natural resources can result from secrecy, asymmetry of information, poor prioritisation and planning, weak institutional capacity and a lack of checks and balances", Professor Peter Cameron, Director of CEPMLP, who led the project says.
Recently in New York, an audience gathered to discuss the changes, opportunities and challenges we are most likely to be facing over the coming years with respect to the governance of extractive industries.
Increasing resource dependence over the past decade has taken on new dimensions lately given the changing global context: lower prices than historically averages, intensifying automation, increased transparency around contracts, payments and beneficial ownership, open data movements increasing accessibility to key information, and rising awareness of the necessity to plan for a low carbon economy.
This event saw the launch of the official Extractive Industries Sourcebook which can be downloaded at no cost.