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The Extractive Industries Transparency Initiative could consider sanctions for the Philippines, but is failing to hold Western oil, gas, and mining companies to the same standard.
Bantay Kita is greatly dismayed and disheartened by the issuance of Executive Order 130, lifting the mining moratorium (Section 4 of Executive Order 79 s. 2012). This new executive order has taken many stakeholders by surprise and to our knowledge was issued without any prior consultation with relevant stakeholders.
On April 1, the second Extractive Industries Transparency Initiative (EITI) Validation commenced for the Philippines. The Validation is the assessment of EITI-implementing countries on their ability to meet the EITI Standard.