Labour welcomes EU transparency rules around extractive and logging companies. Shadow Secretary of State for International Development Ivan Lewis MP said:
"The European Parliament’s decision today is a landmark moment in the campaign to ensure maximum transparency.
“Successful companies behaving ethically have nothing to fear from new reporting requirements, nor do Governments who are ensuring revenues are being spent for the benefit of their citizens.
“We will be watching very carefully to ensure the UK Tory-led Government supports these new rules and seeks to influence other EU countries to do likewise."