Victory for Transparency

Victory for Transparency

Arlene McCarthy April 11, 2013
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European Parliament has reached a deal on the new extractive industries transparency rules. 

European Parliament has reached a deal on the new extractive industries transparency rules.  Arlene McCarthy, the European Parliament rapporteur on the transparency law, consulted with Senators Cardin and Lugar (authors of Section 1504of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act) before pushing for strong EU transparency standards.  The transparency law will require extractive industry companies to publish an annual report disclosing payments made to governments.

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