Activities per year
Corruption has traditionally been wildly rampant in the energy sector and its effects have proved to be extremely dramatic. For decades energy companies have perpetrated corrupt practices with impunity to obtain from the local governments the green light to construct intrusive energy infrastructures, which have the potential of causing serious damages to a country’s environment and social fabric. This illicit way of carrying out business activities has been de facto tolerated by governments for a long time. It affected particular developing nations, causing the so-called “resource curse”. Then, almost unpredictably, over the course of last two decades, significant and increasingly determined efforts have been devoted to fighting against such a criminal phenomenon.It iswell established that the role that transparency plays within such a grim scenario is fundamental. This chapter will examine the intimate relationship between the lack of corporate transparency and corruption, and analyze the most important legal instruments that have been developed to encourage a transparentway of conducting business activities in the energy sector at the international, regional and domestic level. Then, will also focus on the recent Trump’s administration decision to nullify the US transparency rules for the extractive industries analyzing the scope of its potentially dramatic consequences.
|Title of host publication||Handbook of Energy Finance|
|Subtitle of host publication||Theories, Practices and Simulations|
|Editors||Stéphane Goutte, Duc Khuong Nguyen|
|Number of pages||31|
|Publication status||Published - Mar 2020|
- Corruption and bribery
- United States
- European Union (EU)
- Extractive industry
- Corporate lobbying
- Resource curse
- Energy sector
- Oil and gas
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)
- Business, Management and Accounting(all)
Grasso, C., Apr 2019, Corruption in the Global Era: Causes, Sources and Forms of Manifestation. Pasculli, L. & Ryder, N. (eds.). 1 ed. Routledge, p. 258-276 18 p. (The Law of Financial Crime).
Research output: Chapter in Book/Report/Conference proceeding › Chapter
Grasso, C., 2017, Research Handbook on EU Energy Law and Policy. Leal-Arcas, R. & Wouters, J. (eds.). Edward Elgar, p. 237-256 20 p. (Research Handbooks in European Law series).
Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review