Energy and Metals & Mining Transparency
Why should investors care about transparency in the energy and metals & mining industries?
Many resource-rich countries suffer from corruption, conflict, and under-development. Increased disclosure of information on payments made between natural resource companies and host governments can reduce risk premiums on financial assets, improve sovereign and corporate governance, reduce corruption, and help alleviate poverty by improving public service delivery. The Cardin-Lugar Energy Security Through Transparency (ESTT) provision of the Dodd-Frank Wall Street Reform Act requires SEC-registered companies to annually disclose this information on a country- and project-level basis.