Two EU Directives were passed in 2013 which require annual reports on payments to governments by companies in the extractive industries (mining, oil and gas and logging). The UK government has now published a consultation paper on the early adoption of the EU requirements under one of the two Directives: the Accounting Directive. The UK … Read more

Yesterday the Newman Government announced a new oil shale policy that it will allow the development of a commercial shale industry in Queensland but leaves in place the existing 20 year moratorium suspending development of the McFarlane oil shale deposit near Proserpine.  The policy will set rigorous environmental controls on the industry and will allow … Read more