More than 50 countries are demanding higher standards for the disclosure of social and environmental information from the extractive industries.

oil spills, water pollution and social and environmental conflicts associated with mining affect thousands of residents.

Due to this Ombudsman of Peru reported that “socio-environmental cases continue to be the most numerous (64.4%)”. For this reason, there is great concern about improving transparency standards. environmental information and the social implications of oil, gas and mining activities for the international EITI initiative; evaluation to be held on 1 and 2 March in Buenos Aires.

Vanessa Cueto, Vice President DAR Peruvian Civic Association and an EITI civil society representative from Peru, explained that “it is necessary that all requirements of 6.4 of the EITI Standard be mandatory, thus establishing that implementing countries must disclose information on managing and monitoring the environmental and social impacts of the energy transition in Extractive industrywater and air quality and even the impact on human health.”

Thus, it is required that it be mandatory, not optional, to make available to the public information at the project level on all evaluations and environmental monitoring and social, showing the real impact of extractive activities on ecosystems and communities.

In addition, publish information on all environmental licenses and permits by company and project, including how the authorities monitor compliance with obligations. environmental and social; energy transition commitments, including carbon prices and taxes, disclosure of subsidies, reserves, break-even/final prices or energy transition scenario planning; and preliminary consultations.

over 100 votes

Peru is not the only country to support this initiative to improve transparency what it requires of its members. More than 100 organizations in the Americas recently highlighted this request in a formal communication to EITI Board members.

This letter was signed by such countries as Guyanawhere civil society also supports the call to make Requirement 6.4 of the EITI Standard mandatory. In this regard, Wanda Radzik, civil society member of the Guyana MSG for the EITI, emphasizes that “mining companies should provide full accounting for the cost of natural capital depletion in EITI reports. This problem should be defined as the free extraction of non-renewable and endangered resources and framed as an environmental debt.”

Similarly, in countries such as Philippinesasking for more environmental transparency in mining, as outlined in a Philippine government communication to EITI senior management. On this occasion, Chad Llanos, EITI Civil Society Representative of the Philippines, argues that “the EITI is designed to reduce inequalities and achieve sustainable development through an equitable distribution of extractive industry revenues, however impact data needs to be published.”

Request more environmental transparency in upstream operations is an urgent requirement as countries in Latin America and the Caribbean have suffered severe consequences such as the more than 11,000 barrels of oil spilled in the Peruvian Sea last year at the La Pampilla refinery operated by Repsol. a company where civil society and the local population condemned the lack of transparency, and the company was even fined for it.