Suncor Energy Inc 6-K, filed Jul 8, 2020
Suncor Energy Inc (SU)
About this 6-K
Suncor Energy Inc filed this 6-K on July 8, 2020.
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a - 16 or 15d - 16 of
the Securities Exchange Act of 1934
| For the month of: July, 2020 | Commission File Number: 1-12384 |
|---|
SUNCORENERGY INC.
(Name of registrant)
150 – 6th Avenue S.W.
P.O. Box 2844
Calgary, Alberta
Canada, T2P 3E3
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
| Form 20-F | ¨ | Form 40-F | x |
|---|
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| SUNCOR ENERGY INC. | |
|---|---|
| Date: | By: |
| July 8, 2020 | “Shawn Poirier” |
| Shawn Poirier | |
| Assistant Corporate Secretary |
EXHIBIT INDEX
| Exhibit | Description of Exhibit |
|---|---|
| 99.1 | Suncor Energy Inc. Extractive Sector Transparency Measures Act Report for the reporting year January 1, 2019 to December 31, 2019 |
EXHIBIT 99.1
Suncor Energy Inc. Extractive Sector Transparency Measures Act Report for the reporting year January 1, 2019 to December 31, 2019
STATEMENTUNDER THE ACT RESPECTING TRANSPARENCY MEASURESIN THE MINING, OIL AND GAS INDUSTRIES (s.1)
Fiscal year covered by the statement: from January 1, 2019 to December 31, 2019
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:
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 Suncor Energy Inc. for the fiscal year that began on January 1, 2019 and ended on December 31, 2019. To my knowledge and having exercised due diligence, the information contained in the statement is, in all material respects for the purposes of the Act, true, accurate and complete.
Full name of the officer or director: Alister Cowan
Title of position: Chief Financial Officer
Date: June 26, 2020
"Alister Cowan"
[Signature]
| Extractive Sector Transparency Measures Act - Annual Report | ||||||
|---|---|---|---|---|---|---|
| Reporting Entity Name | Suncor Energy Inc. | |||||
| Reporting Year | From | 1/1/2019 | To: | 12/31/2019 | Date submitted | 7/3/2020 |
| Reporting Entity ESTMA Identification Number | E405435 | x Original<br>Submission<br><br>¨ Amended Report | ||||
| Other Subsidiaries Included <br><br>(optional field) | ||||||
| For Consolidated Reports - Subsidiary Reporting Entities Included in Report: | Petro-Canada Terra Nova Partnership: E368056,<br><br>Petro-Canada Hibernia Partnership: E014222,<br><br>Petro-Canada Hebron Partnership: E294659,<br><br>Canadian Oil Sands Partnership: E984046,<br><br>Suncor Energy Oil Sands Limited Partnership: E761283,<br><br>Suncor Energy Offshore Exploration Partnership: E718793,<br><br>Suncor Energy Ventures Partnership: E895970 | |||||
| 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 | 6/26/2020 | |||||
| Position Title | Chief Financial Officer |
Extractive Sector Transparency Measures Act - Annual Report
| Reporting Year | From: | 1/1/2019 | To: | 12/31/2019 | ||
|---|---|---|---|---|---|---|
| Reporting Entity Name | Suncor Energy Inc. | Currency of the Report | CAD | |||
| Reporting Entity ESTMA Identification Number | E405435 | |||||
| Subsidiary Reporting Entities (if necessary) | Petro-Canada Terra Nova Partnership: E368056,<br> Petro-Canada Hibernia Partnership: E014222,<br> Petro-Canada Hebron Partnership: E294659,<br> Canadian Oil Sands Partnership: E984046,<br> Suncor Energy Oil Sands Limited Partnership: E761283,<br> Suncor Energy Offshore Exploration Partnership: E718793,<br> Suncor Energy Ventures Partnership: E895970 |
Payments by Payee
| Country | Payee Name | Departments,<br><br>Agency,<br><br>etc…<br><br>within<br><br>Payee<br><br>that<br><br>Received Payments^2^ | Taxes | Royalties | Fees | Production<br><br>Entitlements | Bonuses | Dividends | Infrastructure<br><br>Improvement<br><br>Payments | Total<br><br>Amount<br><br>paid to<br><br>Payee | Notes | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Canada | Government of Canada | 517,020,000 | 140,150,000 | 830,000 | - | - | - | - | 658,000,000 | 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, Hebron and Hibernia Extension projects. | |||||||||
| Canada | Canada Newfoundland and Labrador Offshore Petroleum Board | - | - | 3,260,000 | - | - | - | - | 3,260,000 | ||||||||||
| Canada -Alberta | Athabasca Chipewyan First Nation | - | - | 260,000 | - | - | - | - | 260,000 | ||||||||||
| Canada -Alberta | City of Calgary | 100,000 | - | - | - | - | - | - | 100,000 | ||||||||||
| Canada -Alberta | Fort Chipewyan Metis Local 125 | - | - | 180,000 | - | - | - | - | 180,000 | ||||||||||
| Canada -Alberta | Fort McKay First Nation | - | - | 1,280,000 | - | - | - | - | 1,280,000 | ||||||||||
| Canada -Alberta | Fort McKay Metis Community Association | - | - | 470,000 | - | - | - | - | 470,000 | ||||||||||
| Canada -Alberta | Fort McMurray #468 First Nation | - | - | 310,000 | - | - | - | - | 310,000 | ||||||||||
| Canada -Alberta | Fort McMurray Metis Local 1935 | - | - | 120,000 | - | - | - | - | 120,000 | ||||||||||
| Canada -Alberta | Government of Alberta | 193,210,000 | 256,500,000 | 24,790,000 | - | - | - | - | 474,500,000 | ||||||||||
| Canada -Alberta | Heart Lake First Nation | - | - | 120,000 | - | - | - | - | 120,000 | ||||||||||
| Canada -Alberta | Mikisew Cree First Nation | - | - | 510,000 | - | - | - | - | 510,000 | ||||||||||
| Canada -Alberta | Municipality of Wood Buffalo (Alberta) | 67,500,000 | - | 490,000 | - | - | - | - | 67,990,000 | ||||||||||
| Canada -Alberta | Chipewyan Prairie First Nation | - | - | 370,000 | - | - | - | - | 370,000 | ||||||||||
| Canada -Alberta | Willow Lake Metis Association | - | - | 390,000 | - | - | - | - | 390,000 | ||||||||||
| Canada -Newfoundland and Labrador | Government of Newfoundland and Labrador | - | 115,770,000 | - | - | - | - | - | 115,770,000 | Includes royalties paid in relation to the Hibernia Base project. | |||||||||
| Canada -Quebec | Government of Quebec | 24,550,000 | - | 40,000 | - | - | - | - | 24,590,000 |
Extractive Sector Transparency Measures Act - Annual Report
| Reporting Year | From: | 1/1/2019 | To: | 12/31/2019 | ||
|---|---|---|---|---|---|---|
| Reporting Entity Name | Suncor Energy Inc. | Currency of the Report | CAD | |||
| Reporting Entity ESTMA Identification Number | E405435 | |||||
| Subsidiary Reporting Entities (if necessary) | Petro-Canada Terra Nova Partnership: E368056,<br> Petro-Canada Hibernia Partnership: E014222,<br> Petro-Canada Hebron Partnership: E294659,<br> Canadian Oil Sands Partnership: E984046,<br> Suncor Energy Oil Sands Limited Partnership: E761283,<br> Suncor Energy Offshore Exploration Partnership: E718793,<br> Suncor Energy Ventures Partnership: E895970 |
Payments by Payee
| Country | Payee Name | Taxes | Royalties | Fees | Production<br><br>Entitlements | Bonuses | Dividends | Infrastructure<br><br>Improvement<br><br>Payments | Total<br><br>Amount<br><br>paid to<br><br>Payee | Notes | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Libya | Government of Libya | 83,730,000 | 304,070,000 | - | - | 710,000 | - | - | 388,510,000 | 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 2019 consolidated financial statements.<br> Translated using the financial year average foreign exchange rates: 1 USD : 1.3269 CAD. | ||||||||
| Norway | Government of Norway | - | - | 160,000 | - | - | - | - | 160,000 | Translated using the financial year average foreign exchange rate: 1 NOK : 0.1509 CAD. | ||||||||
| United Kingdom of Great Britain and Northern Ireland | Her Majesty’s Government | 349,320,000 | - | - | - | - | - | - | 349,320,000 | Translated using the financial year average foreign exchange rate: 1 GBP : 1.6945 CAD. | ||||||||
| Additional Notes: | - All payments are reported in Canadian dollars. - All amounts have been rounded to the nearest 10,000 CAD. |
All values are in US Dollars.
Extractive Sector Transparency Measures Act - Annual Report
| Reporting Year | From: | 1/1/2019 | To: | 12/31/2019 | ||
|---|---|---|---|---|---|---|
| Reporting Entity Name | Suncor Energy Inc. | Currency of the Report | CAD | |||
| Reporting Entity ESTMA Identification Number | E405435 | |||||
| Subsidiary Reporting Entities (if necessary) | Petro-Canada Terra Nova Partnership: E368056,<br> Petro-Canada Hibernia Partnership: E014222,<br> Petro-Canada Hebron Partnership: E294659,<br> Canadian Oil Sands Partnership: E984046,<br> Suncor Energy Oil Sands Limited Partnership: E761283,<br> Suncor Energy Offshore Exploration Partnership: E718793,<br> Suncor Energy Ventures Partnership: E895970 |
Payments by Project
| Country | Project Name | Royalties | Fees | Production<br><br>Entitlements | Bonuses | Dividends | Infrastructure<br><br>Improvement<br><br>Payments | Total<br><br>Amount<br><br>paid by<br><br>Project | Notes | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Canada -Alberta | Base Mine | 26,680,000 | 129,790,000 | 8,850,000 | - | - | - | - | 165,320,000 | ||||||||
| Canada -Alberta | Firebag | 36,640,000 | 81,390,000 | 4,920,000 | - | - | - | - | 122,950,000 | ||||||||
| Canada -Alberta | MacKay River | 4,120,000 | 45,320,000 | 4,120,000 | - | - | - | - | 53,560,000 | ||||||||
| Canada -Newfoundland and Labrador | Hebron | - | 7,080,000 | - | - | - | - | - | 7,080,000 | ||||||||
| Canada -Newfoundland and Labrador | Hibernia | - | 183,030,000 | - | - | - | - | - | 183,030,000 | Hibernia Base and Extension projects have been combined for the purposes of this report. | |||||||
| Canada -Newfoundland and Labrador | Terra Nova | - | 57,200,000 | 3,430,000 | - | - | - | - | 60,630,000 | ||||||||
| Canada -Newfoundland and Labrador | White Rose | - | 8,610,000 | - | - | - | - | - | 8,610,000 | ||||||||
| Norway | Norway | - | - | 160,000 | - | - | - | - | 160,000 | Translated using the financial year average foreign exchange rate: 1 NOK : 0.1509 CAD. | |||||||
| Libya | Libya | 83,730,000 | 304,070,000 | - | - | 710,000 | - | - | 388,510,000 | 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 2019 consolidated financial statements.<br> Translated using the financial year average foreign exchange rates: 1 USD : 1.3269 CAD. | |||||||
| United Kingdom of Great Britain and Northern Ireland | U.K. Oil & Gas Taxes | 349,320,000 | - | - | - | - | - | - | 349,320,000 | Translated using the financial year average foreign exchange rate: 1 GBP : 1.6945 CAD. | |||||||
| Canada | Other | 50,000 | - | 8,970,000 | - | - | - | - | 9,020,000 | Includes Emerging properties in the Oil Sands business unit (Meadow Creek, Lewis, Frontier, and Chard) and North America Onshore in the Exploration and Production business unit. | |||||||
| Additional Notes: | - All payments are reported in Canadian dollars. - All amounts have been rounded to the nearest 10,000 CAD. |
All values are in US Dollars.