Overcoming a key barrier to stakeholder empowerment in the extractive industries
Publication date:2 020
Source:Columbia Center on Sustainable Investment (CCSI)
Source URL:Columbia Center on Sustainable Investment (CCSI)
Publication URL:Go to resource
Negotiation stage:2. Pre-Negotiation
Sector:Extractive Industries Investment Mining Oil & Gas
Informational asymmetries can both reflect and perpetuate power asymmetries, undermining governance and development outcomes along the way. This piece, by CCSI's Senior Fellow Tom Mitro, proposes a tool for addressing one of the informational barriers to leveling the playing field between global extractives companies and host country government officials and communities.
By drawing on impartial publicly-available information on company social and environmental track records, the tool could be used in a variety of ways to empower host governments and communities in their dealings with these companies.
Anyone interested in exploring a possible pilot of this tool should contact CCSI at email@example.com.