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A report card on Canada’s new Extractive Sector Transparency Measures Act

Tuesday, November 28, 2017 @ 9:13 AM | By Stephanie Stimpson and Brandon Schur

Canada has committed to becoming a leader in the international movement to promote ethical business practices and fight corruption. At the 2013 G8 leaders’ summit in Northern Ireland, Canada announced that it would take action to enhance the transparency of payments to governments made by Canadian extractive companies by introducing mandatory reporting. The resulting legislation, the Extractive Sector Transparency Measures Act (ESTMA), came into force on June 1, 2015.

With all companies subject to ESTMA now having been required to submit their first report of government payments...