Extractive Industries Transparency Initiative
The Extractive Industries Transparency Initiative (EITI) aims to increase transparency in financial transactions between governments and companies within the extractive industries.
The EITI involves the full publication and verification of company payments made to governments and of government revenues received from oil, gas and mining activities.
How the Government of Canada is Involved in the EITI
These activities have the purpose of strengthening governance in resource-rich countries, with the spinoff effect that revenues from natural resources will be directed to government spending on health, education and other development priorities.
Where the EITI is Making Progress