Legislation

 

The TTEITI Steering Committee hired a consultant to draft the Extractive Industries Transparency Initiative Draft Bill. If the EITI Bill is enacted, it would allow for the establishment of the Extractive Industries Transparency Initiative Agency. This Bill would eliminate the voluntary participation of the EITI and call for mandatory involvement from all oil, gas and mining companies in Trinidad and Tobago. Another benefit of the EITI Bill would be an improvement in the efficiency of the implementation process resulting in an enhancement in the government’s revenue collection.