Toggle navigation menu.
Helsinki Default Banner

Cardin, Lugar praise UK Energy Transparency Initiative

WASHINGTON —U.S. Sens. Benjamin L. Cardin (D-MD), Chairman of the Commission on Security and Cooperation in Europe (U.S. Helsinki Commission) and Dick Lugar (R-IN), Ranking Member of the Senate Foreign Relations Committee, commended today the parliament of the United Kingdom for introduction of an Early Day Motion which urges the United Kingdom to consider legislation similar to the Energy Security Through Transparency Act (S.1700).

S.1700 strengthens international disclosure efforts, expresses the sense of Congress that the Administration should undertake to become an implementing country of the Extractive Industry Transparency Initiative (we are currently a supporting country); and commits the Department of Interior to disclosing extractive payments received for resources derived from federal lands.

“Greater transparency leads to greater stability in countries that benefit from their natural resources and lessens volatility in the global energy market. With Great Britain following our lead on energy transparency legislation, we are rightly putting human rights up front and empowering people to fight corruption and hold their governments accountable,” Cardin said.

“Transparency should be the global norm because it combats corruption, strengthens energy security, and encourages economic development in natural resource producing nations,” Lugar said.

The Early Day Motion states:

That this House notes that corruption in the oil, gas and mining industries has caused great human misery in Africa and other developing regions; considers that corruption would be curbed by full disclosure of revenue payments to governments by oil, gas and mining companies; further notes that the United States Congress is considering a law to require all such companies regulated in the US to fully disclose such payments; and urges the Government to consider similar legislation.

Learn more about the “resource curse” by reading the Senate Foreign Relations Committee Minority Staff report here.

Watch a video from the U.S. Helsinki Commission on the need for energy transparency and energy security here.
 

 

 

Media contact

Category
Country
Issue
Date
Filter Topics Open Close
Hearings

Rescuing Ukrainian Children and Women from Russia...

Jul 26, 2023

Russia’s war has exposed the critical need for U.S. and international action to both save Ukraine’s children and to put in place measures for the future that will protect children, as well as vulnerable refugees around the world, from wartime atrocities and from other threats such as human trafficking. Ukraine’s children are suffering serious injury […]

screen-reader-text
Hearings

Russia’s Alpine Assets: Money Laundering and S...

Jul 18, 2023

Switzerland has for years been a primary destination for Russian money laundering and, since the Russian invasion of Ukraine, a weak link in Western sanctions enforcement. This Helsinki Commission hearing examined Switzerland’s poor track record of rooting out dirty Russian money and examined potential paths forward for U.S. policymakers in persuading Switzerland to uphold its […]

screen-reader-text
Press Releases

Hearing: Supporting a Democratic and Secure Moldova

Jul 06, 2023

Wednesday, July 12, 2023 2:00 pm Cannon House Office Building, Room 210 Live stream: https://www.youtube.com/watch?v=jm-R6rfQbCo In recent years, Moldova has enacted numerous reforms under current Moldovan President Maia Sandu to strengthen its democratic institutions, combat corruption and kleptocracy, and integrate with the European Union. In 2022, the European Union granted Moldova “Candidate” status in its […]

screen-reader-text
Press Releases

Helsinki Commission Announces Briefing on US-Europe ...

Dec 12, 2022

WASHINGTON—At a virtual kickoff event on December 13, Co-Chairman Cohen and Ranking Member Wilson launched the US-Europe Coalition on Russia Sanctions. NO SAFE HAVEN Launching the US-Europe Coalition on Russia Sanctions Tuesday, December 13, 2022 8:30 a.m. EST Since February 24, 2022, Western countries have imposed sanctions against Russian officials, businessmen, and public figures who […]

screen-reader-text
Digests

HELSINKI COMMISSION DIGITAL DIGEST JUNE 2022

Jun 30, 2022

screen-reader-text
Hearings

European Energy Security Post-Russia

Jun 07, 2022

Russia is weaponizing energy to prolong its unlawful invasion of Ukraine. Unfortunately, the sanctions that Europe and the United States have put in place have not been enough to curb Russian aggression thus far and the European Union pays Russia almost a billion euros a day for energy resources—mostly gas— that fund the Russian war […]

screen-reader-text
Press Releases

European Energy Security Focus of Upcoming Helsinki ...

Jun 02, 2022

WASHINGTON—The Commission on Security and Cooperation in Europe, also known as the Helsinki Commission, today announced the following hearing: EUROPEAN ENERGY SECURITY POST-RUSSIA Tuesday, June 7, 2022 2:30 p.m. Watch live: www.youtube.com/HelsinkiCommission The United States and European allies have largely cut Russia out of the global economy following its full-scale invasion of Ukraine. However, given […]

screen-reader-text
Press Releases

Helsinki Commission Regrets Closure of OSCE Special ...

May 02, 2022

WASHINGTON—On April 28, the OSCE announced that Russia had definitively forced the closure of the Special Monitoring Mission (SMM) to Ukraine, following its veto of the mission’s mandated activities as of April 1. In light of this announcement, Helsinki Commission Chairman Sen. Ben Cardin (MD), Co-Chairman Rep. Steve Cohen (TN-09), Ranking Member Sen. Roger Wicker (MS), […]

screen-reader-text
Press Releases

Helsinki Commission Leaders Condemn Detention of OSC...

Apr 26, 2022

WASHINGTON—Following the detention of four Ukrainian nationals serving as members of the OSCE Special Monitoring Mission in Russian-controlled areas of eastern Ukraine who reportedly were accused of illegal activities including treason and espionage, Helsinki Commission Chairman Sen. Ben Cardin (MD), Co-Chairman Rep. Steve Cohen (TN-09), and Ranking Members Sen. Roger Wicker (MS) and Rep. Joe […]

screen-reader-text
Statements

Chairman Cardin Emphasizes the Importance of the Glo...

Mar 23, 2022

Madam President, reserving the right to object to the request from the Senator from Idaho, it is my understanding that the Senator’s modification would not include provisions that were included in the Housepassed legislation that modifies the global Magnitsky sanction regime. I just would like to speak for a moment, if I might. There is […]

screen-reader-text
Press Releases

Helsinki Commission Mourns Death of Ukrainian OSCE M...

Mar 03, 2022

WASHINGTON—Following the death of a Ukrainian member of the OSCE Special Monitoring Mission (SMM) in Ukraine during a Russian attack, Helsinki Commission Chairman Sen. Ben Cardin (MD), Co-Chairman Rep. Steve Cohen (TN-09), and Ranking Members Sen. Roger Wicker (MS) and Rep. Joe Wilson (SC-02) issued the following joint statement: “We are saddened and angered by […]

screen-reader-text
Hearings

Russia’s Assault on Ukraine and the Internatio...

Feb 02, 2022

Russia’s Ukraine gambit is the most flagrant manifestation of the Kremlin’s assault on the international order. Moscow’s actions degrade the security environment in Europe and are a direct attack on settled international norms, including the territorial integrity of states and the self-determination of peoples affirmed in the Helsinki Final Act and subsequent agreements of the […]

screen-reader-text