SEC Disclosure of Payments by Resource Extraction Issuers

In 2021, the Securities and Exchange Commission (SEC) adopted an anti-corruption measure under the Securities Exchange Act of 1934 directing the Commission to issue rules requiring resource extraction issuers to include in an annual report information relating to payments made to a foreign government or the Federal Government for the purpose of the commercial development of oil, natural gas or minerals.

These issuers are required to provide information about the type and total amount of payments made for each of their projects related to the commercial development of oil, natural gas, or minerals, and the type and total amount of payments made to each government. Additionally, resource extraction issuers must provide information about those payments in an interactive data format.

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