U.S. extractive industries transparency meeting scheduled - WOWK 13 Charleston, Huntington WV News, Weather, Sports

U.S. extractive industries transparency meeting scheduled

Posted: Updated:
  • Local NewsLocal NewsMore>>

  • UPDATE: Route 2 now open following tractor trailer accident

    UPDATE: Route 2 now open following tractor trailer accident

    Monday, August 25 2014 4:00 PM EDT2014-08-25 20:00:48 GMT
    A tractor trailer is blocking part of Route 2. The road is closed until further notice. Drivers heading in both direction are being asked to use the Big Ben Bowen Highway connector by Target to get around.
    A tractor trailer is blocking part of Route 2. The road is closed until further notice. Drivers heading in both direction are being asked to use the Big Ben Bowen Highway connector by Target to get around.
  • EnergyEnergyMore>>

  • UMWA endorses Tennant at annual Labor Day Celebration in Racine, WV

    UMWA endorses Tennant at annual Labor Day Celebration in Racine, WV

    Monday, September 1 2014 3:49 PM EDT2014-09-01 19:49:35 GMT
    United Mine Workers of America will feature food, entertainment and presentations by political and labor leaders at its 76th Annual Labor Day Celebration in Boone County on Sept. 1.
    United Mine Workers of America will feature food, entertainment and presentations by political and labor leaders at its 76th Annual Labor Day Celebration in Boone County on Sept. 1.
  • Feds want nuclear waste train, but nowhere to go

    Feds want nuclear waste train, but nowhere to go

    Monday, September 1 2014 12:11 PM EDT2014-09-01 16:11:52 GMT
    The tracks were supposed to lead to a depository at Yucca Mountain in Nevada, where Congress intended to send radioactive fuel. Instead, the Obama administration cancelled a project that had been criticized as inadequate and opposed by many Nevadans.
    The tracks were supposed to lead to a depository at Yucca Mountain in Nevada, where Congress intended to send radioactive fuel. Instead, the Obama administration cancelled a project that had been criticized as inadequate and opposed by many Nevadans.
  • WV workforce lacks oil and gas expertise — for now

    WV workforce lacks oil and gas expertise — for now

    Sunday, August 31 2014 5:00 PM EDT2014-08-31 21:00:19 GMT
    Despite the relatively high amount of natural gas production in West Virginia, less than 3 percent of employees in some of the major occupations that make up the sector's workforce live in the Mountain State.
    Despite the relatively high amount of natural gas production in West Virginia, less than 3 percent of employees in some of the major occupations that make up the sector's workforce live in the Mountain State.

A new federal advisory committee that will analyze ways to increase transparency and accountability in the nation's extractive industries has set a date for its first meeting.

The U.S. Extractive Industries Transparency Initiative (USEITI) Advisory Committee will hold its first public meeting on February 13 in Washington, DC. The members of the committee will work on the Extractive Industries Transparency Initiative a "voluntary, global effort designed to increase transparency, strengthen the accountability of natural resource revenue reporting, and build public trust for the governance of these vital activities."

Ted Boettner, director of the West Virginia Center on Budget and Policy was chosen to serve on the board. He said increasing transparency in the extractive sector could "enable citizens to hold government and companies accountable for the ways in which natural resources are managed.

"While the central focus of the Extractive Industries Transparency Initiative(EITI) is to create a uniform standard in what energy companies pay and what government collect in revenues on an international basis, the scope could expand from federal to state, tribal and could potentially include both public and private land," Boettner said.

As of Jan. 1 the EITI website did not yet include the agenda for the meeting.  

Boettner is the only representative on the committee from West Virginia and the only one who represents a state-based organization.

"My hope is that our experience in West Virginia with a boom and bust energy economy, which has led to economic underdevelopment in some areas, can help provide lessons for other areas of the country and the world in managing natural resource extraction. For a long time, West Virginia did not adequately tax minerals and today it still suffers from an inability to use these rich natural resources to promote and invest in a sustainable economic development model. Moreover, the state continues to struggle to adequately tax coal property,  especially compared to natural gas and oil property," he said.

The meeting will be open to the public, but space is limited. To register, request placement on the speaker list or submit written comments, contact Shirley Conway by February 6 via email at Shirley.Conway@onrr.gov, by phone at (202) 513-0598 or fax (202) 513-0682. 

Additional information, including the final agenda and any supporting materials, will be posted on the USEITI Advisory Committee webpage at http://www.doi.gov/eiti/