Obama signs the US up for transparency

In a speech, President Obama noted the importance of energy companies disclosing the payments that foreign governments demand of them

Campaigners for financial transparency today welcomed the US decision to implement the Extractive Industries Transparency Initiative (EITI). It becomes the first G8 country to commit to the mechanism and only the second OECD country, after Norway, to join. In a speech at the launch of the Open Government Partnership in New York, President Barack Obama said: "We are continuing our leadership of the global effort against corruption by building on legislation that now requires oil, gas and mining companies to disclose the payments that foreign governments demand of them. “The US will join the global initiative in which these industries, governments and civil society all work together for greate