MPA welcomes publication of third UK EITI report
Latest report another important step in increasing public awareness of the role of the extractive industries
AS a supporter of the UK Extractive Industries Transparency (EITI) initiative, which was launched by the then Prime Minister, David Cameron, in 2013, the Mineral Products Association (MPA) has welcomed publication of the third UK Extractive Industries Transparency Report.
A key objective of the international EITI process is to set out a summary of certain payments made by extractive industries to governments and received by governments in the interests of financial transparency. The initiative also aims to increase public awareness of the role of extractive industries in the 51 participating EITI countries.
In the UK, a body comprising representatives of government, civil society and industry, with industry representation from the oil and gas, mining and quarrying industries, manages the UK EITI.
Welcoming publication of the third UK EITI Report as another important step in helping to increase awareness of the role and contribution of the extractive industries to the UK, the MPA said the report would complement its own initiatives, such as the Facts at a Glance report and the latest MPA report on market conditions.
Jerry McLaughlin, executive director of public affairs at the MPA, said: ‘Corporate transparency is becoming an increasingly important issue for business and society, and the UK EITI provides evidence that industry, government and civil society can work together to help improve awareness of the activities and critical contributions of the extractive industries that allow society and the economy to function.’