Justice In Nigeria Now

The Senate, in a 60-39 vote today, gave its final approval to the Dodd-Frank Wall Street Reform and Consumer  Protection Act–which includes a landmark provision requiring energy and mining companies to disclose how much they pay to foreign countries and the U.S. government.

The provision, based on the Energy Security Through Transparency Act (S. 1700), covers all oil, gas, and mining companies registered with the U.S. Securities and Exchange Commission. This applies to companies from around the world like the major oil companies operating in Nigeria: Chevron, Shell, and ExxonMobil.

For the people of the Niger Delta, this legislation will provide access to information that can be used to combat corruption, seek a fair share of revenues from oil extraction, and bring communities a step closer to holding companies accountable for paying the brutal Nigerian military to suppress dissent.

On June 30, the House of Representatives passed the same legislation that the Senate passed today. President Obama is expected to sign the bill into law next week.

JINN and its members pioneered a U.S. grassroots strategy in support of the work of the U.S. and global Publish What You Pay Coalition, by mobilizing support from the cities of Berkeley, Oakland and Richmond, California. Each of these municipalities adopted a resolution in support of the Energy Security Through Transparency Act (which was the basis for the language that was passed today). These resolutions were used by the lobbying team on Capitol Hill.

More information below:

FOR IMMEDIATE RELEASE
July 15, 2010

CONTACT:
Abby Rubinson, abby@justiceinnigerianow.org, (415) 990-0792
Isabel Munilla, imunilla@pwypusa.org, (202) 525-2754 / (202) 680-4606

U.S. legislation shines light on billions in oil and mineral payments

Measure sets new global standard for corporate transparency

WASHINGTON, D.C., July 15, 2010 — The Senate gave final approval today to the Dodd-Frank Wall Street Reform and Consumer Protection Act with a landmark provision requiring energy and mining companies registered with the U.S. Securities and Exchange Commission to disclose how much they pay to foreign countries and the U.S. government for oil, gas, and minerals.

This historic measure gives citizens in resource-rich countries information they need to combat corruption in the oil and mineral sector and to demand government accountability for responsible resource use. The House passed the same legislation on June 30, and it is expected to be signed into law by President Obama next week.

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Council Urges U.S. to Pass Transparency Law To Force Chevron and Other Oil Companies to Report Payments to Nigeria and Other Foreign Governments

Mayor Gayle McLaughlin

Richmond, CA – On Tuesday December 15, 2009, the Richmond City Council voted unanimously in favor of a resolution urging the U.S. Senate to pass a bill that would require oil companies to disclose payments to foreign governments as part of a larger movement to increase corporate accountability across borders. Councilmember Nathaniel Bates was absent.  A similar resolution was unanimously approved by the Oakland City Council and with one abstention in the Berkeley City Council in October.

The Energy Security Through Transparency Act (ESTT) Act was introduced by Senator Richard Lugar (R-IN) in September and if passed would effect oil companies in Nigeria as well as the rest of the world.

“Here in Richmond, we see the links between human rights and corporate accountability issues in our city as the same struggle as those that are demanding a right to their livelihood in Nigeria.  Oil companies need to take responsibility where ever oil in produced and refined,” stated Richmond resident Jovanka Beckles who spoke at the meeting.

The Richmond resolution also calls on the State Department to support diplomatic peace talks in the Delta to negotiate a way forward to address the root causes of the current crisis—environmental destruction – particularly gas flaring – and lack of investment in the oil producing region. The city’s call contrasts with Secretary of State Hillary Clinton’s pledge in August to explore further U.S. military assistance to the government of Nigeria. The resolution along with the passage of the resolution in Oakland and Berkeley marks a new level of support to pressure the United States to adopt a foreign policy that promotes constructive change through dialog in alignment with the American values of democratic civic engagement, and freedom of speech and the press.

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JINN is supportive of the efforts of the Publish What You Pay U.S. Coalition that helped get a new bill  introduced into the the U.S. Senate of the “Energy Security through Transparency Act of 2009,” (ESTT) by Sens. Richard Lugar (R-IN) and Ben Cardin (D-MD). The Act, if passed, would require companies like Chevron and Shell to report how much they pay foreign governments for access to their oil, gas and minerals. This disclosure would apply to all companies that file with the SEC, regardless of where they are based.  Most of the world’s extractive industries would be covered by this law, and would set a new international standard for corporate and state behavior. (Note:  The ESTT act was formerly introduced as the Energy Transparency Through Disclosure Act).

Take Action: Write to your local member of Congress today asking them to support the fight against corruption.

Read the Press Release about the ESTT

Background information

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Berkeley, Oakland urge oil money transparency

By Josh Richman
Wednesday, October 14th, 2009 at 12:39 pm

Reprinted from The Contra Costa Times Political Blogger

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