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Key Issues in the Proposals for the Accounting and Transparency Directives in Extractive Industries

The proposals within the Accounting Directive and Transparency Directive require oil, gas, mining, and forestry companies to report payments to governments on both a country-by-country and project-by-project basis. The European Parliament should focus on several critical issues: defend project-level reporting, improve the definition of "project," maintain a materiality threshold of €100,000, remove all exemptions from the Directive, and extend the scope to cover all sectors to enhance transparency and accountability in resource extraction.

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Key Issues in the Proposals for the Accounting and Transparency Directives in Extractive Industries

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  1. What’s at stake

  2. The proposals Accounting Directive Transparency Directive Chapter 9 Article 6 Oil, gas, mining, and forestry companies must report payments to governments on a country-by-country and project-by-project basis

  3. 5 crucial issues The EuropeanParliamentshould: • Defendproject-levelreporting • Improve the definition of project • Defendmaterialitythreshold of €100 000 • Remove all exemptions from the Directive • Extend the scope to all sectors

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