The United States will not be part of a recent international treaty to fight corruption in revenues management, according to a new decision from the White House, reported by Reuters . The Extractive Industries Transparency Initiative (EITI) was designed to aid in the effort to regulate oil, gas, and mineral profits around the world, and the US is withdrawing “effective immediately” according to director of the US office of Natural Resources Revenue, Gregory J. Gould in a Thursday note to the EITI board. The EITI was founded in 2003 , but the US did not join until March 2014 . “It put more information in the hands of the public,” Michael Ross, executive director of the Project on Resources Governance and Development at the University of California Los Angeles, told Reuters . “It involved the U.S. government disclosing all the money it was getting from oil, gas and mining […]

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