The Search for Transparency in an Oil-consuming World
Article from: OGEL 1 (2004), in Discussion
Introduction
Letter to the Editor, Financial Times, 24 December 2003 Sir, There has been a lot of talk lately about a curse that, through corruption and other distortions, is stopping oil-rich countries from turning income into development. The Extractive Industries Transparency Initiative, championed by the UK and endorsed by the World Bank, has been named an exorcist and is starting the rites by applying a much-welcomed transparency to projects such as the Chad-Cameroon pipeline. In the name of that same transparency, let us also remember that for every $1 received by any oil ...