Abstract:
Major developments in Uganda’s oil sector and recent setbacks in government transparency lend new urgency to the passing of Securities and Exchange Commission (SEC) regulations. Once the SEC regulations are finalized, oil companies will have a full year to comply by including in their reports to the SEC how much they pay to government for extracting resources on a per project basis. Uganda has a history of civil unrest and violent conflict. The release of detailed oil payment information could be used to hold governments accountable for fiduciary commitments and ensure communities affected by resource extraction will receive fair benefits.
