Inbrief

The Extractive Industries Transparency Initiative has chosen Oslo for its permanent headquarters. The decision was taken at the first board meeting of the group, which has spent the last four years as an ad hoc organization with no defined governance structure or secretariat. Board members chose Oslo over Berlin at a meeting hosted by the United Nations in New York. The group, which promotes greater transparency of revenue payments by oil, gas and mining companies to governments in developing countries, estimates the cost of setting up a headquarters at up to $15million (£7.63m) for the first three years, funded largely by corporate and government supporters (EP8, issue 5).