Suncor Energy Inc. Extractive Sector Transparency Measures Act Report for the reporting year January 1, 2017 to December 31, 2017
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 January 1, 2017 to December 31, 2017
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 January 1, 2017 and ended on December 31, 2017. 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 and Chief Financial Officer
Date: | May 23, 2018 |
|
“Alister Cowan” |
|
Alister Cowan
Executive Vice President and Chief Financial Officer
Extractive Sector Transparency Measures Act - Annual Report | |||||||||
Reporting Entity Name | Suncor Energy Inc. | ||||||||
Reporting Year | From | 1/1/2017 | To: | 12/31/2017 | Date submitted | 5/24/2018 | |||
Reporting Entity ESTMA Identification Number | E405435 |
|
|
| |||||
Other Subsidiaries Included | |||||||||
| |||||||||
For Consolidated Reports - Subsidiary Reporting Entities Included in Report: | Fort Hills Energy Limited Partnership: E991999 | ||||||||
| |||||||||
Not Substituted | |||||||||
| |||||||||
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 entity(ies) 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. | |||||||||
|
|
|
|
|
|
|
| ||
| |||||||||
Full Name of Director or Officer of Reporting Entity | Alister Cowan | Date | 5/23/2018 | ||||||
Position Title | Executive Vice President and Chief Financial Officer | ||||||||
|
Extractive Sector Transparency Measures Act - Annual Report | |||||||||||
Reporting Year | From: | 1/1/2017 | To: | 12/31/2017 |
|
|
|
|
|
|
|
Reporting Entity Name | Suncor Energy Inc. | Currency of the Report | CAD |
|
|
|
| ||||
Reporting Entity ESTMA Identification Number | E405435 |
|
|
|
|
|
| ||||
Subsidiary Reporting Entities (if necessary) | Fort Hills Energy Limited Partnership: E991999 |
|
|
|
|
|
| ||||
Payments by Payee | |||||||||||
Country | Payee Name | Departments, Agency, etc… within Payee | Taxes | Royalties | Fees | Production | Bonuses | Dividends | Infrastructure | Total Amount | Notes |
Canada | Government of Alberta | Safety Codes Council Alberta | - | - | 30,000 | - | - | - | - | 30,000 |
|
Canada | Municipality of Wood Buffalo (Alberta) |
| 108,110,000 | - | - | - | - | - | - | 108,110,000 |
|
Canada | Government of Alberta |
| 10,000 | - | 8,930,000 | - | - | - | - | 8,940,000 |
|
Canada | Government of Alberta | Minister of Finance | - | - | 3,430,000 | - | - | - | - | 3,430,000 |
|
Canada | Government of Alberta | PT-Mineral Revenue Account | - | 122,450,000 | - | - | - | - | - | 122,450,000 |
|
Canada | The City of Calgary |
| 1,280,000 | - | - | - | - | - | - | 1,280,000 |
|
Canada | Government of Alberta | Alberta Energy Regualtor | - | - | 5,060,000 | - | - | - | - | 5,060,000 |
|
Canada | Government of Alberta | Alberta Environment & Parks | - | - | 2,110,000 | - | - | - | - | 2,110,000 |
|
Canada | Federal Government of Canada | Canadian Nuclear Safety Commission | - | - | 70,000 | - | - | - | - | 70,000 |
|
Canada | Federal Government of Canada | Natural Resources Canada | - | - | 10,000 | - | - | - | - | 10,000 |
|
Canada | Federal Government of Canada | Receiver General For Canada | - | 146,670,000 | 10,000 | - | - | - | - | 146,680,000 | 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 | Federal Government of Canada | Industry Canada | - | - | 470,000 | - | - | - | - | 470,000 |
|
Canada | Federal Government of Canada | National Research Council Canada | - | - | 70,000 | - | - | - | - | 70,000 |
|
Canada | Federal Government of Canada | Canada Revenue Agency | 44,150,000 | - | - | - | - | - | - | 44,150,000 |
|
Canada | Government of British Columbia | Minister of Finance Surveyor of Taxes | 150,000 | - | - | - | - | - | - | 150,000 |
|
Canada | Government of British Columbia | Mineral, Oil and Gas Revenue Branch | - | 660,000 | 90,000 | - | - | - | - | 750,000 |
|
Canada | Government of British Columbia | BC Oil and Gas Commission | - | - | 10,000 | - | - | - | - | 10,000 |
|
Canada | Government of British Columbia | Minister of Finance | - | - | 90,000 | - | - | - | - | 90,000 |
|
Canada | Government of British Columbia | Ministry of Finance and Corporate Relations | - | - | 80,000 | - | - | - | - | 80,000 |
|
Canada | Government of Newfoundland and Labrador |
| 260,000 | - | - | - | - | - | - | 260,000 |
|
Canada | Canada Newfoundland and Labrador Offshore Petroleum Board |
| - | - | 4,860,000 | - | - | - | - | 4,860,000 |
|
Canada | Government of Newfoundland and Labrador | Newfoundland Exchequer | - | 135,230,000 | - | - | - | - | - | 135,230,000 | Includes royalties paid in relation to the Hibernia Base project. |
Canada | Federal Government of Canada | ST. John’s Port Authority | - | - | 60,000 | - | - | - | - | 60,000 |
|
Canada | Athabasca Chipewyan First Nation |
| - | - | 1,280,000 | - | - | - | - | 1,280,000 |
|
Extractive Sector Transparency Measures Act - Annual Report | |||||||||||
Reporting Year | From: | 1/1/2017 | To: | 12/31/2017 |
|
|
|
|
|
|
|
Reporting Entity Name | Suncor Energy Inc. | Currency of the Report | CAD |
|
|
|
| ||||
Reporting Entity ESTMA Identification Number | E405435 |
|
|
|
|
|
| ||||
Subsidiary Reporting Entities (if necessary) | Fort Hills Energy Limited Partnership: E991999 |
|
|
|
|
|
| ||||
Payments by Payee (continued) | |||||||||||
Country | Payee Name | Departments, Agency, etc… within Payee | Taxes | Royalties | Fees | Production | Bonuses | Dividends | Infrastructure | Total Amount | Notes |
Canada | Fort McKay First Nation |
| - | - | 1,170,000 | - | - | - | - | 1,170,000 |
|
Canada | Fort McMurray 468 First Nation |
| - | - | 150,000 | - | - | - | - | 150,000 |
|
Canada | Mikisew Cree First Nation |
| - | - | 150,000 | - | - | - | - | 150,000 |
|
United Kingdom of Great Britain and Northern Ireland | Her Majesty’s Government | Her Majesty’s Revenue and Customs Cumbernauld | 515,090,000 | - | - | - | - | - | - | 515,090,000 | Translated using the financial year average foreign exchange rate: 1 GBP : 1.6720 CAD |
Libya | Government of Libya | National Oil Corporation | 171,830,000 | 312,010,000 | - | - | 1,240,000 | - | - | 485,080,000 | Bonuses include social development payments as required by certain Exploration and Production Sharing Agreements in Libya. Taxes & Royalties taken in kind and converted to cash basis using the same methodology (fair market value) as Suncor Energy Inc.’s 2017 consolidated financial statements. |
Norway | Government of Norway | Skatteetaten | 440,000 | - | - | - | - | - | - | 440,000 | Translated using the financial year average foreign exchange rate: 1 NOK : 0.1570 CAD |
Norway | Government of Norway | Oljedirektoratet | - | - | 1,450,000 | - | - | - | - | 1,450,000 | Translated using the financial year average foreign exchange rate: 1 NOK : 0.1570 CAD |
|
|
|
|
|
|
|
|
|
|
|
|
Additional Notes: | 1. All payments are reported in Canadian dollars.
|
Extractive Sector Transparency Measures Act - Annual Report | ||||||||||
Reporting Year | From: | 1/1/2017 | To: | 12/31/2017 |
|
|
|
|
|
|
Reporting Entity Name | Suncor Energy Inc. | Currency of the Report | CAD |
|
|
| ||||
Reporting Entity ESTMA Identification Number | E405435 |
|
|
|
|
| ||||
Subsidiary Reporting Entities (if necessary) | Fort Hills Energy Limited Partnership: E991999 |
|
|
|
|
| ||||
Payments by Project | ||||||||||
Country | Project Name | Taxes | Royalties | Fees | Production | Bonuses | Dividends | Infrastructure | Total Amount paid | Notes |
Canada | Hibernia | - | 178,920,000 | - | - | - | - | - | 178,920,000 | Hibernia Base and Extension projects have been combined for the purposes of this report. |
Canada | Base Mine | 38,480,000 | 75,520,000 | 6,110,000 | - | - | - | - | 120,110,000 |
|
Canada | Firebag | 53,340,000 | 39,060,000 | 5,780,000 | - | - | - | - | 98,180,000 |
|
Canada | Terra Nova | - | 75,590,000 | 4,930,000 | - | - | - | - | 80,520,000 |
|
Canada | White Rose | - | 27,390,000 | - | - | - | - | - | 27,390,000 |
|
Canada | MacKay River | 5,600,000 | 6,590,000 | 2,040,000 | - | - | - | - | 14,230,000 |
|
Canada | Other | 160,000 | 1,630,000 | 5,130,000 | - | - | - | - | 6,920,000 | Includes Emerging properties in the Oil Sands business unit (Meadow Creek, Dover, Lewis, Frontier, Thornbury and Chard) and North America Onshore in the Exploration and Production business unit. |
Canada | Fort Hills | 10,680,000 | 310,000 | 1,500,000 | - | - | - | - | 12,490,000 |
|
United Kingdom of Great Britain and Northern Ireland | U.K. Oil & Gas Taxes | 515,090,000 | - | - | - | - | - | - | 515,090,000 | Translated using the financial year average foreign exchange rate: 1 GBP : 1.6720 CAD |
Extractive Sector Transparency Measures Act - Annual Report | ||||||||||
Reporting Year | From: | 1/1/2017 | To: | 12/31/2017 |
|
|
|
|
|
|
Reporting Entity Name | Suncor Energy Inc. | Currency of the Report | CAD |
|
|
| ||||
Reporting Entity ESTMA Identification Number | E405435 |
|
|
|
|
| ||||
Subsidiary Reporting Entities (if necessary) | Fort Hills Energy Limited Partnership: E991999 |
|
|
|
|
| ||||
Payments by Project (continued) | ||||||||||
Country | Project Name | Taxes | Royalties | Fees | Production | Bonuses | Dividends | Infrastructure | Total Amount paid | Notes |
Libya | Libya | 171,830,000 | 312,010,000 | - | - | 1,240,000 | - | - | 485,080,000 | Bonuses include social development payments as required by certain Exploration and Production Sharing Agreements in Libya. Taxes & Royalties taken in kind and converted to cash basis using the same methodology (fair market value) as Suncor Energy Inc.’s 2017 consolidated financial statements. |
Norway | Norway | 440,000 | - | 1,450,000 | - | - | - | - | 1,890,000 | Translated using the financial year average foreign exchange rate: 1 NOK : 0.1570 CAD |
|
|
|
|
|
|
|
|
|
|
|
Additional Notes: | 1. All payments are reported in Canadian dollars.
|