Global: Extractive industry transparency movement at crossroads, says expert

The movement to bring greater transparency to the oil, gas and mining industries is facing a crucial time in its development and needs to overcome three significant challenges to continue to be successful, Daniel Kaufmann, head of the international transparency watchdog Revenue Watch Institute told TrustLaw. The transparency movement must become more global, the data produced by the extractive industries must be clear and comparable across countries, and the movement must work to build up expertise within resource-rich countries so that local transparency watchdogs, governments and media can interpret the data, Kaufmann, a former World Bank economist, said.