By Pete Ker, Resources Reporter, 8th September 2021

“The Morrison government may back away from its 2016 pledge to sign up Australian mining and energy companies to a global transparency and anti-corruption standard, amid concerns that recent expansions to the reporting requirements could place a compliance burden on companies.

The growing reluctance to join almost 50 other nations in adopting the Extractive Industries Transparency Initiative (EITI) came as one of its founding supporters, BHP, said it had paid $12.4 billion worth of royalties, taxes and other payments to Australian governments in the year to June 30.”