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EU Lawmakers Seek Company Disclosure on Energy, Mining Payments

Sept. 18 (Bloomberg) -- European Union lawmakers voted for new rules that would require companies to report payments to government officials over energy, mining and forestry projects, a member of the European Parliament said.

Arlene McCarthy, a U.K. Socialist parliamentarian, said lawmakers would demand that EU governments and regulators agree that listed European and large private companies should report all payments of more than 80,000 euros ($104,480) for individual projects, according to a statement on her website.

The European Parliament must now negotiate with EU governments and the European Commission on a final version of the rules before they can become final.

To contact the reporter on this story: Aoife White in Brussels at awhite62@bloomberg.net.

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net.

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