Natural Resource Wealth and Government Revenue in Africa
Stephanie Rochford, Director of Member Engagement, Publish What You Pay
Dr Don Hubert, President, Resources for Development Consulting; Author, Many Ways to Lose a Billion
Professor Leif Wenar, Chair of Philosophy and Law, King’s College London
Chair: Cailin Birch, Senior Commodities Analyst, The Economist Intelligence Unit
Countries that are rich in natural resources often fail to secure a fair share of the revenues the extractive sector generates.
Companies often use a range of methods to minimise their payments, while weak institutions and badly negotiated contracts are among the problems hampering governments.
A new Publish What You Pay Canada report, Many Ways to Lose a Billion, examines the main pathways through which governments lose oil, gas and minerals revenues.
At this London launch, Dr Don Hubert, the report author, discusses the findings of his research, presents case studies that illustrate the difficulties different governments face in securing their fair share of revenues, and assesses how increased transparency can be translated into successes in combatting extractive sector tax avoidance.