The new SWISSAID study on the business deals of Swiss commodities giant Glencore in Chad make it clear: non-transparency concerning oil transactions between Glencore and the corrupt government of the Central African country prevents the impoverished population from deriving any benefit from the wealth created from natural resources. The provisions on transparency for commodities trading in the new Swiss company law could solve this problem. If they fail to materialise, the planned revision of the law according to data analysis compiled by Public Eye is now already a wasted effort.
