January 8, 2013 (Investorideas.com energy stocks newswire) First Peoples Worldwide (FPW) Founder and President Rebecca Adamson has been appointed by the U.S. Secretary of the Interior to serve on the U.S. Extractive Industries Transparency Initiative Advisory Committee. The committee will guide and oversee the U.S. government's implementation of the Extractive Industries Transparency Initiative (EITI).
EITI is a global effort to increase the transparency and accountability of natural resource revenue reporting. Participating governments are required to disclose all revenues from oil, gas, and mining companies, while companies are required to disclose these same payments to governments. The two sets of data are subject to review and approval from an independent third party approved by both sides, and then released in a public report. The 21-person committee, which includes representatives from the industry, government, and civil society sectors, will develop USEITI reporting requirements through a multi-year, consensus-based process. The full list of committee members is available here.
"It is an honor to be chosen for the committee," says Adamson. "We commend the Department of Interior's recognition of the need to include an Indigenous voice in this process. Given the impacts of extractive companies on our communities, it is important that we are given a role in increasing the transparency of the industry."
Adamson is a pioneer in using market-based strategies to advocate for Indigenous Peoples around the world. By engaging directly with oil, gas, and mining companies and their shareholders, Adamson and FPW are restructuring business models to ensure Indigenous communities a fair stake in development projects that affect them. This year, FPW will release a report measuring the risk exposure to Indigenous Peoples for 40 oil, gas, and mining companies in the Russell 1000 Index. The data will be used to help investors incorporate Indigenous Peoples' interests in their investment decisions, and to promote shareholder dialogue with companies about Indigenous Peoples' rights. Click here to read more about FPW's corporate engagement program.
Founded by Rebecca Adamson in 1997, First Peoples Worldwide is dedicated to strengthening Indigenous communities through the restoration of their authority and control over their assets. For more information, visit www.firstpeoples.org.
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