In April 2016, former Legal Advisor for the U.S. Department of State Abraham Sofaer sent a letter to the Norwegian Council on Ethics in response to its proposed divestment recommendation. The letter argues that the Council’s decision “cannot be justified under international law or fundamental ethical norms.”
Kosmos Energy was founded with the goal of creating value for all our stakeholders, including investors, employees and the governments and the citizens of our host countries. While the company exists primarily to provide returns to investors, this is most likely to be achieved, over the longer term, through advancing the societies in which we work. These Principles reflect the values that have guided us through our first decade. They are also informed by what we have learned over those early years and by what our stakeholders have told us about their expectations of a responsible oil and gas company.
This document outlines our commitment to operating in a safe and environmentally sound manner. The Standard consists of 10 “Elements,” each containing specific management system expectations with corresponding key performance measures for how Kosmos Corporate, Country, and Operational levels within the company are to manage its HSES risks.
This report from the McKinsey Global Institute presents countries and companies with a new model for successfully managing resource development. It has six core elements: building the institutions and governance of the resources sector; developing infrastructure; ensuring robust fiscal policy and competitiveness; supporting local content; deciding how to spend a resources windfall wisely; and transforming resource wealth into broader economic development.