The Trinidad and To­ba­go Ex­trac­tive In­dus­tries Trans­paren­cy Ini­tia­tive (TTEITI) has con­grat­u­lat­ed Franklin Khan on his reap­point­ment as Min­is­ter of En­er­gy and En­er­gy In­dus­tries (MEEI).

Ac­cord­ing to the TTEITI Khan has long been an ad­vo­cate for Trinidad and To­ba­go’s adop­tion of the glob­al EITI Stan­dard and his pre­vi­ous term was marked by a com­mit­ment to trans­paren­cy and ac­count­abil­i­ty in the oil, gas and min­ing sec­tors.

“Mr. Khan has not on­ly made a pub­lic com­mit­ment to the ini­tia­tive, but he has el­e­vat­ed the TTEITI’s work in oth­er Cari­com na­tions through re­gion­al en­er­gy sec­tor diplo­ma­cy. Al­so, as a di­rect re­sult of the Min­is­ter’s ef­forts over the past few years, the TTEITI has been able to se­cure from a num­ber of lo­cal min­ing com­pa­nies vol­un­tary adop­tion of EITI re­port­ing stan­dards.” the TTEITI not­ed.

Its Chair­man Gre­go­ry McGuire said “Min­is­ter Khan’s deep ex­pe­ri­ence in the in­dus­try has been a boon to the TTEITI. We look for­ward to work­ing with him and mak­ing progress on our trans­paren­cy roadmap for the sec­tor.”

The TTEITI is the lo­cal arm of the Ex­trac­tive In­dus­tries Trans­paren­cy Ini­tia­tive (EITI), an in­ter­na­tion­al body which is recog­nised as the glob­al stan­dard for the good gov­er­nance of oil, gas and min­er­al re­sources.

With 53 mem­ber coun­tries, its core be­lief is that nat­ur­al re­sources be­long to cit­i­zens.

As a mem­ber of EITI, the TTEITI works to re­veal and ex­plain the fi­nan­cial records of ex­trac­tive com­pa­nies so that the mon­ey trail is vis­i­ble and cit­i­zens of Trinidad and To­ba­go who ben­e­fit di­rect­ly and in­di­rect­ly from the coun­try’s nat­ur­al re­sources.