In Trinidad and Tobago, extractive industries refer to those industries engaged in exploring for and producing oil, gas and minerals. The Extractive Industries Transparency Initiative in Trinidad and Tobago (TTEITI) is the local arm of a voluntary global initiative that promotes transparency and accountability in the oil, gas and mining sectors. We are not a government-led entity. Rather, various stakeholders from civil society, extractive sector companies and the government collaborate on our Board/ Steering Committee to ensure that country’s natural resources are used to the benefit of all citizens.
For a list of our stakeholders, check out our Memorandum of Understanding.
Our focus is on:
Reconciliation: Can we prove that oil, gas and mining companies pay government what they said they paid? Does Government actually receive what they claim to receive? An Independent Auditor audits receipts and payments every financial year to help us answer these questions.
Reform: Do Government systems ensure that it collects all of the revenues due to it from the extractive sector? Is there a way for citizens to know if the owners of oil, gas and mining companies are related to a Minister or public official? Through our advocacy work, we give recommendations on how to improve revenue collection and identify the true owners of extractive companies.
Relay: What do we do with the information we collect? In our EITI Reports, workshops, Town hall meetings, School Tours as well as through the press and social media we provide independent data to help citizens ask the right questions so that they can contribute to the decision –making process.
Internal Governance Rules and Procedures for TTEITI Steering Committee
The EITI Standard states:
“The EITI requires an inclusive decision-making process throughout implementation, with each constituency being treated as a partner. Any member of the multi-stakeholder group has the right to table an issue for discussion. the multi-stakeholder group should agree and publish its procedures for nominating and changing multi-stakeholder group representatives, decision-making, the duration of the mandate and the frequency of meetings. This should include ensuring that there is a process for changing group members that respects the principles set out in Requirement 1.4a. Where the MSG has a practice of per diems for attending EITI meetings or other payments to MSG members, this practice should be transparency and should not create conflicts of interest.”
For access to the TTEITI Internal Governance Rules and Procedures click here