ESTMA Reporting

On June 1, 2015, the Extractive Sector Transparency Measures Act (“the Act”) was brought into effect by the Canadian government. The Act requires companies in the business of commercial development of crude oil, natural gas and minerals, such as Torxen, to publicly disclose, on an annual basis, specific payments made to all governments in Canada and abroad.

The legislation is administered by Natural Resources Canada (NRCan). ESTMA legislation and more information on NRCan’s activities, including links to all filed ESTMA reports, can be found on NRCan’s website.