6 Terrifying Reasons to End Secret Company Ownership (Infographic)
It's the biggest problem in oil, gas and mining you've never heard of.
Trinidad and Tobago earns much of its annual revenues from natural resources which are extracted and processed by energy, mining and other companies operating within its borders.
This money is the reason T&T citizens enjoy a relatively high standard of living. Thankfully, the majority of these extractive companies operate within the law and are committed to the highest requirements for corporate governance.
Yet, as the publication of the Panama Papers shows, there is the potential for serious fraud in extractive projects in resource-rich countries.
In fact, approximately US$1 trillion is lost by developing countries each year because of secret company ownership. Here are six terrifying reasons why we must end secret company ownership in Trinidad and Tobago:
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