Global Standard and Procedures for Extractive Sector Transparency Measures Act ( ESTMA ) Reporting
The Extractive Sector Transparency Measures Act (ESTMA) requires companies that are engaged in the commercial development of oil, gas, or minerals to publicly disclose specific payments made to all governments in Canada and abroad. This includes in-kind payments and attribution payments. This document defines the requirements to help ensure that the report for ESTMA are properly prepared, supported by adequate documentation, reviewed and approved to allow for accurate reporting of payments.