estma-reports
EXTRACTIVE SECTOR TRANSPARENCY MEASURES ACT
The Extractive Sector Transparency Measures Act (“the Act”) was enacted on December 16, 2014, and brought into force on
June 1, 2015. The Act delivers on Canada’s international commitments to contribute to global efforts to increase
transparency and deter corruption in the extractive sector. The Act requires extractive entities active in Canada to
publicly disclose, on an annual basis, specific payments made to all governments in Canada and abroad.
The Act applies to entities that are subject to Canadian law and engaged in the commercial development of oil, natural gas or
minerals. The payments that are reported are those of C$100,000 or more and within specific categories of revenue streams
commonly associated with exploration and extraction of oil, natural gas or minerals.