EITI ENDORSEMENTS 1 OCTOBER 2009 G20 leaders’ Final Statement, We support voluntary participation in the Extractive Industries Transparency Pittsburgh, US, 25 September 2009 Initiative, which calls for regular public disclosure of payments by extractive industries to governments and reconciliation against recorded receipt of those funds by governments. US Secretary of State Hillary Clinton The solution starts with transparency. A famous judge in my country once said that sunlight is the best disinfectant, and there's a lot of sunlight in Africa. African Nairobi, 5 August 2009 countries are starting to embrace this view through participation in the Extractive Industries Transparency Initiative. Creating a favorable investment climate requires countries to translate politics into governing. G8 leaders’ Final Statement, We continue to support the Extractive Industries Transparency Initiative (EITI) to improve governance and reduce corruption in the extractive sector. We will L’Aquila, Italy, 8 July 2009 intensify efforts to promote validation by all implementing countries and all companies operating in those countries. We also strongly encourage EITI candidate countries to complete implementation within their agreed timeframe and call on other developing and emerging countries and their companies to adhere to the initiative. Prof Paul Collier at Oxford University, Transforming assets beneath the ground into sustained prosperity for ordinary In the Guardian, citizens requires integrity and astuteness...Neither is easy to achieve, but integrity 25 May 2009 is at least easy to understand. The Extractive Industries Transparency Initiative (EITI) is an international standard to which governments can make a commitment. Introduced in 2003, it was the right place to start in the struggle to break with the past. President Ellen Johnson Sirleaf, We are pleased that Liberia’s first LEITI report was released last week. The report 4th EITI Global Conference, provides, for the first time in the history of our country, an open and transparent reconciliation of the records of Government and the concerned industries as to Doha, 17 February 2009 payments made by the industries and that which was received and recorded in Government accounts. Jeroen van der Veer, Chief Executive I am proud of the contribution Shell has made to EITI since it began. It has been Royal Dutch Shell plc, both practical, and significant… We do it because we believe it’s important to 4th EITI Global Conference, have a strong EITI infrastructure in place, one that will run robustly for the coming years. Doha, 17 February 2009 Luis Alberto Moreno, Extractive industries are key drivers of economic growth in many Latin American President of the Inter-American and Caribbean countries. The EITI offers a useful framework for encouraging Development Bank best practices, and it complements the IDB’s existing work in the areas of public sector transparency and modernization of the state. 5 August 2009 President Nicolas Sarkozy, As I said in Niamey, France is convinced, as you are, that transparency can only in a letter to Peter Eigen, benefit the investors in the producing countries. That is why I take this 29 April 2009 opportunity to renew my full support for the EITI and assure you of the French government's continued commitment. George Soros, I believe that in this difficult financial climate, resource rich countries that 4th EITI Global Conference, implement EITI will have a competitive edge. EITI not only makes vital information public and verifiable. It also promotes a level of trust among the Doha, 17 February 2009 country’s stakeholders that encourages investment. Lakshmi Mittal, Chairman and CEO, We know that our position as the leader in the steel industry brings unique ArcelorMittal, responsibilities. The EITI's principles regarding the prudent use of natural resources, transparency, accountability, and stakeholder dialogue complement 27 January 2009 ArcelorMittal's own corporate values and Corporate Responsibility policies. Leader, Another promising new mechanism is the Extractive Industries The Economist, Transparency Initiative, a voluntary code that a score of African countries have adopted, with governments and foreign firms accounting openly for 9 October 2008 their dealings. Kofi Annan, Tony Blair, Bob Geldof Both the APRM and the EITI have been successful, even groundbreaking, in their and Muhammad Yunus in efforts to improve governance — and both have resulted in improvements on the ground. Africa Progress Panel’s 2008 Report Terje Riis-Johansen, The recent fall in international commodity prices reinforces the need for Norwegian Minister of Petroleum collective approaches to enhance transparency and accountability in extractive industries worldwide. That is why we continue to be a strong supporter of the and Energy EITI and are proud to host the International Secretariat in Oslo. UN Resolution, Notes the efforts of countries that are participating in all relevant voluntary Adopted by UN GA 62nd Session, initiatives to improve transparency and accountability in industries, including in the Extractive Industries Transparency Initiative in the extractive sector, and to September 2008 share their experience with interested Member States. Ngozi Okonjo-Iweala NEITI has lifted Nigeria’s profile in the eyes of investors and helped lead to Managing Director World Bank, significant increases in FDI not only in the oil sector (about US$ 6 billion a year) but also in the other non-oil sectors US$3 billion. Abuja, January 2008.