News 17th June 2015

Big win for open business as UK Oil, Gas and Mining companies to disclose real owners | Global Witness

by Tim Hughes

Tim is coordinator of the UK Open Government Network.

From the Global Witness blog. Signing up to EITI and creating an open register of who owns companies were both commitments included in the UK’s 2013-15 open government action plan.

“Today Britain took a big step towards the kind of transparency that will help businesses and investors everywhere know who they are dealing with. An agreement was reached between the UK Government, extractive companies and civil society which will see oil, gas and mining companies operating in the UK disclose their real, ultimate owners.”

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