The Law “On Ensuring Transparency in the Extractive Industries” is adopted | DiXi Group
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The Law “On Ensuring Transparency in the Extractive Industries” is adopted

On 18 September, the Law “On Ensuring Transparency in the Extractive Industries” was adopted at the morning session of the Verkhovna Rada in the second reading. 244 MPs voted for the Law, 0 – against, abstained – 3.

Votes were casted by such parliamentary groups as Petro Poroshenko Bloc – 102 “for”, People’s Front – 56 “for”, Opposition Bloc – 21 “for”, Union Self Reliance – 15 “for”, Radical Party of Oleg Liashko – 13 “for”, groups People’s Will – 4 “for”, MP group Revival Party – 10 “for”, and non-parliamentary MPs – 23 “for”. Parliamentarians from the Fatherland parliamentary group did not cast their votes.

This bill implements the standards of the Extractive Industries Transparency Initiative Ukraine, including the best practices of other countries. It is about disclosing beneficial owners, information on contracts and reporting on each license. Adoption of this document will allow seeing which companies have “dormant” licenses.

“It would not be possible to adopt this law without a truly effective cooperation between all parties concerned. On the one hand, representatives of non-governmental organizations, who want this sector to be truly transparent, have joined their efforts. On the other hand, these are parliamentarians and government officials implementing sectoral reforms, and extractive companies willing to play according to the rules, pay taxes and increase gas production,” said Olena Pavlenko, President of the DiXi Group Analytical Center, commenting on the adoption of the law.

It should be mentioned that the DiXi Group Analytical Center was actively involved in the drafting and promotion of the bill. In particular, DiXi created and distributed on the Internet a video message of activists along with the animated video clip and a series of infographics (Figure 1, Figure 2, Figure 3, Figure 4).

Comments

Ukraine will fully disclose extraction contracts according to the EITI Standard

Olha Polunina

Manager for Sustainable Development at DiXi Group

Ukraine will fully disclose extraction contracts according to the EITI Standard

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Olha Polunina

Manager for Sustainable Development

Disclosure of resource extraction contracts is important for Ukraine’s compliance with international environmental conventions

Ukraine has time until July 2022 to submit a plan of action, including a time schedule, and until October 2023 to provide a detailed progress report.

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Yuliia Oharenko

expert of the DiXi Group project “Promoting Ukraine's Participation in the European Green Deal in the fields of energy and environment”

Ukraine Follows a Fossil Fuel Recovery Pathway

Despite multiple political statements supporting the European Green Deal and announced plans for the development of a joint with the EU Roadmap, Ukraine is moving in an opposite direction. These are the results of Energy Policy Tracker

The “Augean stables” of the extractive sector: is there any progress?

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The practice of procuring special extraction permits and then sitting idle on them for decades is unacceptable from the viewpoint of Ukraine’s energy independence and national security, raising budget revenues and the country’s investment attractiveness.

Ukraine improves its ranking under the EITI Standard

Olha Polunina

Manager for Sustainable Development at DiXi Group

Ukraine improves its ranking under the EITI Standard

The EITI Board acknowledged Ukraine’s efforts concerning disclosure of beneficial ownership information, creation of an online EITI reporting portal, and the launch of EITI implementation monitoring and assessment at national level.

Тижневик

Our platforms

https://ksep.energy/en/

Independent energy educational center

http://eiti.org.ua/

National website of Extractive Industries Transparensy Initiative in Ukraine 

http://ua-energy.org/

Information and analitical website “Ukrainian Energy UA-Energy.org” is unique   platform to inform

Our platforms

https://ksep.energy/en/

Independent energy educational center

http://eiti.org.ua/

National website of Extractive Industries Transparensy Initiative in Ukraine 

http://ua-energy.org/

Information and analitical website “Ukrainian Energy UA-Energy.org” is unique   platform to inform