How Energy and Mining Contract Transparency Can Inform Investment Analysis

Oil, gas, and mining agreements signed between governments and companies have traditionally been classified, but norms and regulations are shifting towards increased transparency. Around 40 governments have officially published these contracts, and organizations like the International Monetary Fund, the International Finance Corporation, and the European Bank for Reconstruction and Development are actively encouraging the practice of disclosure. We brought investors together to discuss why this is happening and how they can use this information to increase investment returns and promote the expansion of best practices.

Wednesday, January 31, 2018
5:30-7:00 PM 

The Harvard Club
35 West 34th St.
New York, New York 

Additional information: 


Isabel Munilla, Policy Lead, Extractives Industry Transparency, Oxfam

Rob Pitman, Governance Officer, National Resource Governance Institute

Reg Manhas, Senior Vice President, Kosmos Energy


Speaker Bio’s


Reg Manhas, Senior Vice President, External Affairs, Kosmos Energy


Reg Manhas has over 25 years of experience in the international oil and gas industry.  Prior to joining Kosmos in 2012, Reg spent more than 15 years at Calgary-based Talisman Energy, including serving as Vice President Corporate Affairs, where he established and built the company’s corporate affairs function and was responsible for above ground risk management across Talisman’s global operations.  Prior to that he was an attorney with Talisman as well as with the law firm McCarthy Tetrault.  Earlier in his career, Reg worked as an engineer in the upstream oil industry with Petro-Canada. 


Reg was appointed in 2012 by the Government of Canada to the Board of Trustees of the Canadian Museum of Nature.  He also serves on the Board of Directors of the World Affairs Council of Dallas/Fort Worth.


In 2011 Reg served on the Steering Committee of the Voluntary Principles on Security and Human Rights.  In 2006 he was appointed by the Government of Canada to the Advisory Group established to oversee the Canadian National Roundtables on CSR and the Canadian Extractive Sector in Developing Countries.  This multi-stakeholder Advisory Group produced a set of recommendations that eventually formed the backbone of Canada’s international CSR strategy.


Reg earned both his law degree and his chemical engineering degree from the University of British Columbia.  He is member of the Association of Professional Engineers of Alberta and the International Bar Association. 


Isabel Munilla, Policy Lead, Extractive Industries Transparency, Oxfam America


Isabel is Senior Policy Advisor for Extractive Industries at humanitarian and relief organization Oxfam America. She leads research and analysis to support Oxfam initiatives on oil, gas and mining transparency with a focus on securities and contract disclosure norms and implementation of the Extractive Industries Transparency Initiative (EITI) and serves as a member of the USEITI Multi-stakeholder Group. She engages with governments, multinational companies, development banks, investors and civil society organizations, and her geographic focus includes US, Canada and EU, as well as South Africa and Cambodia, with a lesser focus on East Africa. Previously, Isabel was the Director of Publish What You Pay United States (PWYP), a coalition of faith-based, human rights, anti-poverty, anti-corruption and development organizations that work together to push for transparency in the payments made by the oil, gas and mining sectors to governments.  Isabel led PWYP’s advocacy for improved policies within the US government, multinational companies, and international financial institutions, and the EITI.  She led PWYP US’s 2010 drive to pass Section 1504/Cardin-Lugar provision of the U.S. Dodd-Frank Act, which requires oil, gas and mining companies registered with the Securities and Exchange Commission (SEC) to publish their payments to governments as part of their annual reports to the Commission.


Prior to joining PWYP, she worked for 9 years at the World Resources Institute conducting research with civil society partners on the social and environmental impacts – and benefits - of natural resource extraction. She was the principal author of People, Power and Pipelines: Lessons from Peru in the governance of gas production revenues and co-authored Breaking Ground: Engaging Communities in Extractives and Infrastructure Projects. She worked with civil society coalitions in the Amazon region, Indonesia, Russia and Central Africa to examine the governance challenges inherent in extractive industries and the forestry sector, and the associated role of corporations and international financial institutions in influencing national and private systems of risk mitigation and management in these sectors. She holds degrees in French and Journalism from the University of Maryland, College Park.

Rob Pitman, Governance Officer, Natural Resources Governance Institute


Rob Pitman, Governance Officer, Natural Resources Governance Institute


Rob leads NRGI's organizational advocacy and research on contract transparency and manages the use of the Natural Resource Charter as a tool to structure analysis and dialogue. He is a co-author of the Natural Resource Charter Benchmarking Framework.


Prior to joining NRGI, Rob worked as a lead member of the Carter Center Access to Justice and Governance Program in Liberia and as member of the Carter Center Conflict Resolution Program in Atlanta. He has also worked on access to justice projects in Namibia and on farm forestry projects in India. Rob holds an M.S. in human rights from the London School of Economics and Political Science and a B.S. in politics and philosophy from the University of Bristol. He is based in Washington, D.C.


Isabel Munilla, Oxfam America
Reg Manhas, Kosmos Energy
Rob Pitman, National Resource Governance Institute