This blog was originally published on Illuminem, and has been co-authored with Rhian-Mari Thomas. She is the CEO...
The global transition to renewable energy systems will be mineral intensive and, under the current linear economy conditions,...
For the last 20 years, fostering greater transparency in the historically opaque extractive industries has been a governance priority in the sector. It is now time to build on progress made and unlock greater gains from it. Achieving this requires getting serious about politics.
The extractive industries are at a critical juncture, confronted with major contextual upheaval. A period of significant commodity price volatility is intersecting with the global energy transition and the major social, political, and economic repercussions of the COVID-19 pandemic—a combination of forces creating both uncertainty and potentially major shifts in how extractive industries are developed and governed.
As governance practitioners grapple with these shifts, transparency will be an essential tool. However, practitioners need to think—and work—more politically as they develop and deploy this tool moving forward to make the most of its potential.
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