On June 1, 2015, the Extractive Sector Transparency Measures Act (“the Act”) was brought into effect by the Canadian government. The Act requires companies involved in the commercial development of crude oil, natural gas and minerals, to publicly disclose specific payments made to all governments in Canada and abroad.
We recognize that conducting our business in a responsible, ethical and respectful way requires a commitment to transparency with our stakeholders. We maintain this trust by openly reporting ESTMA payments to all governments. The below ESTMA reports provide an overview of past payments Astara has made to government entities.
The Act is one of the ways Canada is delivering on its international commitment to contribute to global efforts to increase transparency and deter corruption in the extractive sector.