Combating Corruption in the Oil and Gas Sector
Anwar Shah
Chapter Chapter 10 in Taxing Choices for Managing Natural Resources, the Environment, and Global Climate Change, 2023, pp 387-406 from Springer
Abstract:
Abstract This chapter by Shah examines the grand corruption observed in oil and gas industries and discusses its root causes conceptually and empirically based upon special features of the oil and gas industry. Given the enormous complexity of the underlying transactions, uncovering corruption is an enormously difficult even in the most ideal public policy environment. To assist in this effort, creating an enabling environment for people’s right-to-know and freedom for investigative journalism to pursue all leads without fear of harassment, persecution, and risks to life and liberty should be the first order of priority for policymakers. A second order of priority is to establish an authorizing environment that holds powerful individuals and entities to account for corrupt practices through timely and fair dispensation of justice. International advocacy groups concerned with corruption in the oil and gas sector would be well advised to focus their activities on both the open government issues in resource rich countries as well as creating disincentives for stakeholders in bribe-paying countries to disengage them from corrupt practices to advance their economic and political agendas.
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-22606-9_10
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DOI: 10.1007/978-3-031-22606-9_10
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