Commentary on the Natural Resource Charter

The blog is a team discussion place where you can post and discuss information relevant to your team.

Jun 10, 2010

“Countries with non-renewable natural resource wealth face special opportunities and special challenges. If used well, these resources can create greater prosperity for current and future generations; if used poorly; they can cause economic instability, social conflict and lasting environmental damage”.

Preamble to Natural Resource Charter

The Natural Resource Charter is a global initiative to help governments and societies harness the opportunities created by natural resources effectively. The Charter is organized around twelve Precepts that offer guidance on core decisions that governments face – beginning with the decision to extract the resources, and ending with decisions about using the revenues they ultimately generate

Precept 1, 2 and 6 & 12 address “Benefit to citizens from development of natural resources” “Transparent and informed public oversight”;“social and environmental effects” and; mitigation and best practice in contracting operations”.
We think these Precepts are of particular relevance to TAI’s work.

TAI has been asked by Revenue Watch Institute ( for our comments on this Charter. We would encourage you to share your comments with us and we will summarize these and provide a joint commentary to them on behalf of TAI.They are currently starting their consultation process and we hope that through providing comments we can be involved especially for partners who are working on transparency and accountability in the extractive sector.


Post new comment

The content of this field is kept private and will not be shown publicly.
  • Allowed HTML tags: <h1> <h2> <h3> <h4> <h5> <h6> <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <blockquote><img><i><b><p><br><div><iframe>
  • [flickr], [youtube] and [slideshare] macros embed media from other sites (click More Information for examples)
  • You can use Markdown syntax to format and style the text.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Glossary terms will be automatically marked with links to their descriptions. If there are certain phrases or sections of text that should be excluded from glossary marking and linking, use the special markup, [no-glossary] ... [/no-glossary]. Additionally, these HTML elements will not be scanned: a, abbr, acronym, code, pre.

More information about formatting options