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Wednesday, June 14, 2017
Royal Dutch Shell plc has published today details of payments made to governments in 2016 where the company or its subsidiary undertakings (Shell) have upstream operations.
The report, which details payments in 31 countries, is prepared in accordance with The Reports on Payments to Governments Regulations 2014 as enacted in the UK in December 2014 and as amended in December 2015. This is the second report issued by Shell under such Regulations.
Payments to governments made by Shell are included in the report. Payments made by entities over which Shell has joint control are excluded from the report.
Commenting on the report, Shell’s Chief Financial Officer, Jessica Uhl said: “Shell believes that transparency is an essential tool in building trust in tax systems. Society expects clarity on the revenues that extractive industries pay to governments and at the same time expects governments to be open about the revenues they receive and how they use these funds.”
In fulfilling the UK regulatory requirements, Shell’s 2016 payments to government report covers payments in relation to upstream activities made to governments in Argentina, Australia, Bolivia, Brazil, Brunei Darussalam, Bulgaria, Canada, China, Denmark, Egypt, Gabon, Germany, Greenland, India, Iraq, Ireland, Italy, Kazakhstan, Malaysia, New Zealand, Nigeria, Norway, Oman, Philippines, Qatar, Tanzania, Thailand, Trinidad and Tobago, Tunisia, United Kingdom and USA.
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