Exxon Mobil Corp. , Chevron Corp. and ConocoPhillips are among companies failing to report all their tax payments despite being members of the Extractive Industries Transparency Initiative, the global anti-corruption body said Wednesday. The EITI revealed that a third of its members failed to uphold the group’s tax transparency expectation in June, but named them for the first time in a spreadsheet released Wednesday. Civil society groups have accused the companies of reaping the reputational benefits of being members of the EITI without adhering to its principles. “The assessment was a first step, and work remains to clarify and explain the expectations, but our hope is that it will encourage a ‘race to the top’ to meet or exceed them,” EITI board chair Helen Clark said in a statement. The assessment revealed scope for making the expectations clearer and the board will meet in October to seek to clarify […]

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