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Written question asked by Viscount Thurso (Liberal Democrat) on Tuesday, 31 January 2012, in the House of Commons. It was due for an answer on Monday, 6 February 2012. It was answered by Norman Lamb (Liberal Democrat) on Monday, 6 February 2012 on behalf of the Department for Business, Innovation and Skills.


Business: Disclosure of Information

Question
(2) whether his Department supports the European proposals for greater transparency in the extractives sector; and what its policy is on (a) possible country-based exemptions from the proposed legislation and (b) a level of materiality that would be appropriate for the purpose of this legislation.
Answer

The Government made clear their support for EU action to improve transparency and reporting in the extractive industries in the Chancellor's statement following the G20 Finance Ministers' meeting in February 2011, and in the speech of my right hon. Friend the Prime Minister in Lagos in July 2011.We are considering the EU's proposals and the views of business and other interested groups on them.


Secondary information

Type
Written question
Reference
93455; 540 c119W
Session
2010-12
Subjects
Company accounts Mining
Link
View this Written question on www.publications.parliament.uk