U.S. withdraws from extractive industries anti-corruption effort

The EITI, which was founded in 2003, and which the United States joined in 2014, sets a global standard for governments to disclose their revenues from oil, gas, and mining assets, and for companies to report payments made to obtain access to publicly owned resources, as well as other donations.

“It put more information in the hands of the public,” said Michael Ross, executive director of the Project on Resources, Development, and Governance at the University of California Los Angeles.