EXHIBIT 99.1
Suncor Energy Inc. Extractive Sector Transparency Measures Act Report for the reporting year January 1, 2016 to December 31, 2016
Schedule 1
STATEMENT UNDER THE ACT RESPECTING TRANSPARENCY MEASURES IN THE MINING, OIL AND GAS INDUSTRIES
(s.1)
Fiscal year covered by the statement: from Jan 1, 2016 to Dec 31, 2016
Name of the entity filing the statement: Suncor Energy Inc.
Name(s) of the subsidiary or subsidiaries for which the entity files the statement, where applicable:
- Fort Hills Energy Ltd. Partnership
- Petro-Canada Terra Nova Partnership
- Petro-Canada Hibernia Partnership
- Petro-Canada Hebron Partnership
- Canadian Oil Sands Partnership
- Suncor Energy Oil Sands Limited Partnership
- Suncor Energy Offshore Exploration Partnership
- Suncor Energy Ventures Partnership
Certificate
I certify that I have examined the information contained in the statement of the Suncor Energy Inc. and the subsidiaries listed above for the fiscal year that began on Jan 1, 2016 and ended on Dec 31, 2016. To my knowledge and having exercised due diligence, the information contained in the statement is, in all material respect for the purposes of the Act, true, accurate and complete.
Full name of the officer or director: Alister Cowan
Title of position: Executive Vice President & Chief Financial Officer
Date: September 27, 2017
“Alister Cowan”
Alister Cowan
Executive Vice President and Chief Financial Officer
Extractive Sector Transparency Measures Act Report
Reporting Year | From: 1/1/2016 To: 12/31/2016 |
|
|
|
|
Reporting Entity Name | Suncor Energy Inc. |
|
|
|
|
Reporting Entity ESTMA Identification Number | E405435 |
|
Subsidiary Reporting Entities (if necessary) | Fort Hills Energy Limited Partnership: E991999 |
Petro-Canada Terra Nova Partnership: E368056 | |
Petro-Canada Hibernia Partnership: E014222 | |
Petro-Canada Hebron Partnership: E294659 | |
Canadian Oil Sands Partnership: E984046 | |
Suncor Energy Oil Sands Limited Partnership: E761283 | |
Suncor Energy Offshore Exploration Partnership: E718793 | |
Suncor Energy Ventures Partnership: E895970 |
Attestation: Please check one of the the boxes below and provide the required information
þ Attestation ( by Reporting Entity)
In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entities listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.
o Attestation (through independent audit)
In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest that I engaged an independent auditor to undertake an audit of the ESTMA report for the entity(ies) and reporting year listed above. Such an audit was conducted in accordance with the Technical Reporting Specifications issued by Natural Resources Canada for independent attestation of ESTMA reports.
The auditor expressed an unmodified opinion, dated [ENTER DATE: YYYY-MM-DD], on the ESTMA report for the entity(ies) and period listed above.
The independent auditor’s report can be found at [INSERT WEBLINK TO AUDIT OPINION POSTED ONLINE – link should be on same page as report link]
Director or Officer of Reporting Entity Full Name: | Alister Cowan | Date: | 5/26/2017 |
|
| ||
Position Title: | Executive Vice President and Chief Financial Officer |
Extractive Sector Transparency Measures Act - Annual Report
Reporting Year |
| From: 1/1/2016 To: 12/31/2016 |
|
|
|
|
|
Reporting Entity Name |
| Suncor Energy Inc. |
|
|
|
|
|
Reporting Entity ESTMA Identification Number |
| E405435 |
|
Subsidiary Reporting Entities (if necessary) | Fort Hills Energy Limited Partnership: E991999 Petro-Canada Terra Nova Partnership: E368056 Petro-Canada Hibernia Partnership: E014222 Petro-Canada Hebron Partnership: E294659 Canadian Oil Sands Partnership: E984046 Suncor Energy Oil Sands Limited Partnership: E761283 Suncor Energy Offshore Exploration Partnership: E718793 Suncor Energy Ventures Partnership: E895970 |
|
|
|
Payments by Payee | ||||||||||
| ||||||||||
Country | Payee Name | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid to Payee | Notes |
Canada | Municipality of Wood Buffalo (Alberta) | 110,060,000 |
|
|
|
|
|
| 110,060,000 |
|
Canada | Newfoundland Exchequer |
| 84,580,000 | 31,550,000 |
|
|
|
| 116,130,000 | Includes royalties paid in relation to the Hibernia Base project. |
Canada | Receiver General For Canada |
| 122,660,000 | 130,000 |
|
|
|
| 122,790,000 | Includes royalties that are remitted directly to the Canadian federal government that are then sent to the Government of Newfoundland and Labrador for the Terra Nova, White Rose and Hibernia Extension projects. |
Canada | Government of Alberta | 580,000 | 49,660,000 | 11,620,000 |
|
|
|
| 61,860,000 |
|
Canada | Industry Canada (Federal) |
|
| 440,000 |
|
|
|
| 440,000 |
|
Canada | Canada Revenue Agency | 2,050,000 |
|
|
|
|
|
| 2,050,000 |
|
Canada | Canada Newfoundland and Labrador Offshore Petroleum Board |
|
| 3,120,000 |
|
|
|
| 3,120,000 |
|
Canada | Government of British Columbia | 160,000 | 210,000 | 260,000 |
|
|
|
| 630,000 |
|
Canada | Government of Quebec | 3,050,000 |
|
|
|
|
|
| 3,050,000 |
|
United Kingdom of Great Britain and Northern Ireland | Her Majesty’s Revenue and Customs Cumbernauld | 322,100,000 |
|
|
|
|
|
| 322,100,000 | Translated using the financial year end foreign exchange rate: 1 GBP : 1.6564 CAD. |
Libya | National Oil Corporation | 16,110,000 | 12,080,000 |
|
| 1,300,000 |
|
| 29,490,000 | Bonuses include social development payments as required by certain Exploration and Production Sharing Agreements in Libya. |
Mexico | Mexico National Hydrocarbon Commission |
|
| 3,280,000 |
|
|
|
| 3,280,000 | Translated using the payment date foreign exchange rate: 1 MXN : 0.0753 CAD. |
Norway | The Norwegian Petroleum Directorate |
|
| 1,370,000 |
|
|
|
| 1,370,000 | Translated using the financial year end foreign exchange rate: 1 NOK : 0.1559 CAD. |
Total |
| 454,110,000 | 269,190,000 | 51,770,000 | – | 1,300,000 | – | – | 776,370,000 |
|
Notes:
All payments are reported in Canadian dollars.
All amounts have been rounded to the nearest $10,000 CAD
Extractive Sector Transparency Measures Act - Annual Report
Reporting Year |
| From: 1/1/2016 To: 12/31/2016 |
|
|
|
|
|
Reporting Entity Name |
| Suncor Energy Inc. |
|
|
|
|
|
Reporting Entity ESTMA Identification Number |
| E405435 |
|
Subsidiary Reporting Entities (if necessary) | Fort Hills Energy Limited Partnership: E991999 Petro-Canada Terra Nova Partnership: E368056 Petro-Canada Hibernia Partnership: E014222 Petro-Canada Hebron Partnership: E294659 Canadian Oil Sands Partnership: E984046 Suncor Energy Oil Sands Limited Partnership: E761283 Suncor Energy Offshore Exploration Partnership: E718793 Suncor Energy Ventures Partnership: E895970 |
|
|
|
Payments by Project | ||||||||||
| ||||||||||
Country | Project Name | Taxes | Royalties | Fees | Production Entitlements | Bonuses | Dividends | Infrastructure Improvement Payments | Total Amount paid by Project | Notes |
Canada | Hibernia |
| 106,920,000 |
|
|
|
|
| 106,920,000 | Hibernia Base and Extension projects have been combined for the purposes of this report. |
Canada | Hebron |
|
| 31,550,000 |
|
|
|
| 31,550,000 |
|
Canada | Base Mine | 42,240,000 | 27,430,000 | 2,660,000 |
|
|
|
| 72,330,000 |
|
Canada | Firebag | 58,890,000 | 17,890,000 | 3,460,000 |
|
|
|
| 80,240,000 |
|
Canada | Terra Nova |
| 50,120,000 | 3,120,000 |
|
|
|
| 53,240,000 |
|
Canada | White Rose |
| 50,200,000 |
|
|
|
|
| 50,200,000 |
|
Canada | MacKay River | 5,010,000 | 2,770,000 | 1,030,000 |
|
|
|
| 8,810,000 |
|
Canada | Other | 170,000 | 1,780,000 | 4,510,000 |
|
|
|
| 6,460,000 | Includes Emerging properties in the Oil Sands business unit (Meadow creek, Dover, Lewis, and Voyager south) and North America Onshore in the Exploration and Production business unit. |
Canada | Fort Hills | 3,910,000 |
| 790,000 |
|
|
|
| 4,700,000 |
|
United Kingdom of Great Britain and Northern Ireland | Buzzard | 255,320,000 |
|
|
|
|
|
| 255,320,000 | Translated using the financial year end foreign exchange rate: 1 GBP : 1.6564 CAD. |
United Kingdom of Great Britain and Northern Ireland | GEAD | 66,780,000 |
|
|
|
|
|
| 66,780,000 | Translated using the financial year end foreign exchange rate: 1 GBP : 1.6564 CAD. |
Mexico | Mexico |
|
| 3,280,000 |
|
|
|
| 3,280,000 | Translated using the payment date foreign exchange rate: 1 MXN : 0.0753 CAD. |
Libya | Libya Exploration and Evaluation | 16,110,000 | 12,080,000 |
|
| 1,300,000 |
|
| 29,490,000 | Bonuses include social development payments as required by certain Exploration and Production Sharing Agreements in Libya. Translated using the financial year end foreign exchange rates: 1 USD : 1.3427 CAD and 1 EUR : 1.4169 CAD. |
Norway | Beta |
|
| 1,370,000 |
|
|
|
| 1,370,000 | Translated using the financial year end foreign exchange rate: 1 NOK : 0.1559 CAD. |
Total |
| 448,430,000 | 269,190,000 | 51,770,000 | - | 1,300,000 | - | - | 770,690,000 |
|
Notes:
All payments are reported in Canadian dollars.
All amounts have been rounded to the nearest $10,000 CAD