State expert joins panel on extractive industries
CHARLESTON, W.Va. -- The director of the West Virginia Center on Budget and Policy says he's eager to serve on a federal panel charged with encouraging financial transparency in extractive industries such as natural gas.
Ted Boettner tells The State Journal the U.S. Extractive Industries Transparency Initiative will hold its first meeting in February.
It's an effort by the U.S. Department of Interior. The idea is to require governments to publicly disclose their revenues from oil, gas and mining resources, and for companies to make parallel payment disclosures.
By signing onto the global standard, the U.S. can help ensure taxpayers are receiving every dollar due to them.
Boettner says West Virginia's experience as an energy state will help inform the advisory board.
The appointments were announced last month.