Our work with the EITI
We are a founder and board member of the Extractive Industries Transparency Initiative (EITI) and Shell’s Executive Vice President Taxation and Controller, Alan McLean, serves on the international EITI Board. The EITI is the global standard to promote the open and accountable management of extractive resources.
The EITI provides a platform for governments, non-governmental organisations and companies to disclose information that supports greater transparency and responsibility in the extractive sector, including the oil and gas industry.
We aim to support governments’ ambitions to achieve contract transparency. We encourage governments to share contracts and licences in line with the EITI’s revised standard on contract transparency. From January 1, 2021, this requires countries implementing the EITI standard to disclose contracts and licences that are granted, entered into or amended.
According to the EITI, more than 30 countries are disclosing some or all of their contracts. Shell is party to some of these contracts. In 2020, Shell supported the Suriname government’s intention to disclose its purchase and sale contracts. In the Netherlands, Shell supports the government’s efforts in contract transparency, including publishing licences for carrying out oil and gas activities.