ConocoPhillips endorses the Extractive Industries Transparency Initiative (EITI), which seeks to ensure that natural resource wealth is an engine for sustainable economic growth that contributes to sustainable development and poverty reduction. You may view further information on our economic transparency statement.
We continue to support the EITI principles, process and implementation in participating countries. Currently, three participating countries where we operate have achieved full EITI compliance – Timor-Leste, Nigeria and Norway. Of the countries that have committed to EITI principles, and therefore are considered candidates for EITI membership, we have resource interests in three: Indonesia, Kazakhstan and Peru. Of the EITI compliant or committed countries, only our investments in Indonesia, Nigeria and Norway involve production. We currently cooperate with these governments in their EITI validation efforts. When we have assets in new countries, we will work to promote transparency and accountability with those governments.
EITI requires the public reporting of payments to individual countries and operations. (See related information on the Dodd-Frank Act.) Such reporting requirements take into account host-country laws and the terms of contracts under which such revenues are accrued. Further information on EITI compliant countries or the EITI committed countries where we have production can be found below.