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Implementation of the U.S. Extractive Industries Transparency Initiative (USEITI) PowerPoint Presentation
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Implementation of the U.S. Extractive Industries Transparency Initiative (USEITI)

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Implementation of the U.S. Extractive Industries Transparency Initiative (USEITI)

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  1. Implementation of the U.S. Extractive Industries Transparency Initiative (USEITI) • May 13, 2014

  2. ONRR: Who We Are • Mission: To collect, disburse, and verify Federal and Indian energy and other natural resource revenues on behalf of all Americans. • Established within the Office of the Secretary of the Interior under the Assistant Secretary for Policy, Management and Budget on October 1, 2010. • Serves a leadership role in Department-wide collaboration and implementation of key natural resource revenue related initiatives such as the Extractive Industries Transparency Initiative. Dallas Denver Farmington Ft. Berthold Houston Oklahoma City Tulsa Washington D.C.

  3. Office of Natural Resources Revenue

  4. ONRR: Cumulative Revenue Disbursement$257.4 Billion • Since 1982, ONRR has disbursed over $257 billion in mineral lease revenues from Federal offshore and Federal and Indian onshore lands • The annual disbursement to the U.S. Treasury is one of the Federal government’s largest sources of non-tax revenue • In FY 2013, ONRR disbursed $14.2 billion

  5. ONRR: Management of Revenues(as of 6/24/20131) Products & % of Collections Land Categories Collect Federal Onshore Federal Offshore American Indian Royalties Rents Bonuses Penalties Other revenues Oil Natural Gas Coal Carbon Dioxide Copper Geothermal Hot Water Lead Limestone Phosphate Potash Renewables Sand & Gravel Sodium Sulfur Other 90% 8% 61,533 Total Leases Offshore: 6,538* Onshore: 48,650** Indian: 6,345*** from over 2,000 payors DisburseFunds 2% 32,433 Producing Leases Offshore: 1,432* Onshore: 25,049** Indian: 5,952*** Audit & Ensure Compliance • *Administered by BOEM • **Administered by BLM • ***Administered by BIA 1ONRR lease data is maintained for the sole purpose of collecting, verifying and disbursing mineral revenues. For official lease data, please refer to the leasing agencies.

  6. DOI/ONRR: Leading Implementation of USEITI The Extractive Industries Transparency Initiative, or EITI, is a global standard that promotes revenue transparency and accountability in the extractive sector.

  7. USEITI: Benefits of Implementation Increase Transparency & Dissemination Enhance Understanding by all Stakeholders Achieve Better Governance & Accountability Inform public policy dialogue Provide accessible and useful information about public resources Ensure fair return on behalf of citizens for the use of public resources Maintain or increase trust & public confidence across sectors Highlight resource revenue to government Enhance public financial management Foster participatory governance through collaborative decision-making Maintain or increase social license to operate Strengthen investment climate

  8. USEITI: MSG Representation The USEITI Multi-Stakeholder Group has 21 Members and 21 Alternates, representing a wide range of organizations and stakeholder interests: • Civil Society • Project on Government Oversight, Revenue Watch, Transparency International • Earthworks, First Peoples Worldwide, North Star Group, Oceana • Calvert Investments, Energy Policy Forum, Goldwyn Global Strategies, Research Associates • United Mineworkers, United Steelworkers • University of California Los Angeles, Virginia Polytechnic Institute • Government • Departments of Energy, the Interior, Treasury • State Compact Commissions for Mining, Oil and Gas • State Government Representatives from California and Wyoming • Industry • BP, Chevron, Conoco-Phillips, Exxon-Mobil, Noble Energy, Shell Oil, Ultra Petroleum, Walter Energy • Freeport McMoRan Copper & Gold, Newmont Mining, Peabody, Rio Tinto • American Petroleum Institute, Council of Petroleum Accountants Societies, Independent Petroleum Association of America, National Mining Association

  9. USEITI: MSG Outcomes to Date - Scope

  10. USEITI: MSG Outcomes to Date - Materiality

  11. USEITI: Unilateral Disclosure Disclosure of complete, reliable data, disaggregated by commodity, company, revenue stream, and by project (to the extent allowable by law and by existing parameters of reporting to Interior). 100% of extractive revenues collected by Interior that are determined to be within scope by the MSG, regardless of the materiality threshold. Represents an unprecedented scale of government disclosure.

  12. USEITI: Publicly Sourced Narrative • Will provide easy access to available data available from U.S. government agencies and other authoritative sources. • Gives context and a well-rounded picture of the extractive industries in the U.S. • Include information for additional types of natural resources that will not be reconciled under USEITI. • Consistent with the goals and standards established by the September 20, 2011, U.S. National Action Plan for the Open Government Partnership.

  13. USEITI Implementation Timeline 2014 USEITI MSG Work Plan

  14. Questions & Follow Up • Jennifer L. Goldblatt • Chief of Staff • Office of Natural Resources Revenue • Jennifer.Goldblatt@onrr.gov Additional Contacts: Paul A. Mussenden Deputy Assistant Secretary Natural Resources Revenue Management paul_mussenden@ios.doi.gov • Gregory J. Gould • Director • Office of Natural Resources Revenue • greg.gould@onrr.gov