The PNG Extractive Industries Transparency Initiative (PNGEITI) will extend to include three additional non-renewable industries, according to Chris Tabel, deputy head of the national secretariat.
The forestry, agricultural, and fisheries industries, according to Tabel, sought to imitate the EITI model.
He said that the EITI policy, which is presently undergoing public comment, includes a provision to cover these industries.
“This particular initiative was created solely for the purpose of creating transparency in the extractives of the mineral, oil and gas sector,” he said.
“But, we’ve also captured inside the EITI policy on extractives a certain provision that would allow for expansion into the other three sectors.
“This would allow us to expand to forestry, agriculture and fisheries with the model itself.”
Tabel stated that this was similar to some nations across the world implementing the EITI in the non-renewable sector.
He stated that it was based on the economy and the factors that influenced it.
“So, in terms of having that guidance, we’ve captured inside to move into these other sectors,” he said.
“In this particular consultations, we’ve got a lot of feedback in terms of that expansion and we noted them and we will now take that back and in terms of formulating the finalised bill.”
Reference:
The National (4 August 2021). “Agency expanding reach to three sectors”.
