Tuesday 21 August
Powered by Ajaxy
Jul 31, 2018 @ 13:14

Group lauds bill on improving access to information on extractive industries

Bantay Kita, a national coalition that advocates for transparency and accountability, has lauded Senator Grace Poe for filling Senate Bill (SB) No. 1883 – an act improving disclosure and transparency of the extractive industries.

The bill upholds the right of the people to information on matters of public concern such as the mining, coal, oil and gas industries. It also helps ensure that development and utilization of natural resources provide intergenerational benefits to all Filipinos.

“The purpose of this bill is aligned with President Rodrigo Duterte’s call during the SONA [State of the Nation Address] to guarantee that extractives proceeds contribute to all, not just a select few, for today and tomorrow,” said Bantay Kita National Coordinator Tina Pimentel.

SB 1883 institutionalizes the Philippine Extractive Industries Transparency Initiative (PH-EITI) which will ensure the sustainability of the disclosure of relevant and timely data including taxes and fees collected by government, and social and environmental monitoring reports.

The bill is a timely complement to the on-going fiscal rationalization that impacts extractive companies.


Trending News

Recommended on sister sites

Copyright © 2018 Foodevolution.com.ph - Latest News on Celebrities, Politikos and Businessmen that loves food!. TechCellar.com