Topical Questions

Part of Oral Answers to Questions — Treasury – in the House of Commons at 2:30 pm on 8th February 2011.

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Photo of Tobias Ellwood Tobias Ellwood Conservative, Bournemouth East 2:30 pm, 8th February 2011

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?