Oral Answers to Questions — Treasury
Tobias Ellwood (Bournemouth East, Conservative)
Is my hon. Friend aware of recently passed US legislation-the Dodd-Frank Wall Street Reform and Consumer Protection Act-that obliges oil, gas and mineral extraction companies listed on US stock exchanges to declare how much they pay directly to a Government for the rights to mine those resources? This has a huge impact in Africa in tackling corruption, increasing transparency and stopping the backhanders that end up being given to Heads of State. Would he agree to meet me to see whether we can introduce such legislation here in the UK?