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Exhibit 2.01

Extractive Sector Transparency Measures Act - Annual Report

Graphic

Reporting Entity Name

Suncor Energy Inc.

Reporting Year

From

1/1/2024

To:

12/31/2024

Date submitted

5/28/2025

Reporting Entity ESTMA Identification Number

E405435

Original Submission

Amended Report

Other Subsidiaries Included
(optional field)

For Consolidated Reports - Subsidiary Reporting Entities Included in Report:

E368056 Petro-Canada Terra Nova Partnership,
E014222 Petro-Canada Hibernia Partnership,
E294659 Petro-Canada Hebron Partnership,
E984046 Canadian Oil Sands Partnership,
E991999 Fort Hills Energy Limited Partnership,
E761283 Suncor Energy Oil Sands Limited Partnership,
E718793 Suncor Energy Offshore Exploration Partnership,
E895970 Suncor Energy Ventures Partnership

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

Kris Smith

Date

5/28/2025

Position Title

Chief Financial Officer

Extractive Sector Transparency Measures Act - Annual Report

Reporting Year

From:

1/1/2024

To:

12/31/2024

 

 

 

 

Reporting Entity Name

Suncor Energy Inc.

Currency of the Report

CAD

 

Reporting Entity ESTMA Identification Number

E405435

 

 

Subsidiary Reporting Entities (if necessary)

E368056 Petro-Canada Terra Nova Partnership,
E014222 Petro-Canada Hibernia Partnership,
E294659 Petro-Canada Hebron Partnership,
E984046 Canadian Oil Sands Partnership,
E991999 Fort Hills Energy Limited Partnership,
E761283 Suncor Energy Oil Sands Limited Partnership,
E718793 Suncor Energy Offshore Exploration Partnership,
E895970 Suncor Energy Ventures Partnership

 

 

 

 

 

Payments by Payee

Country

Payee Name1

Departments, Agency, etc… within Payee that Received Payments2

Taxes

Royalties

Fees

Production Entitlements

Bonuses

Dividends

Infrastructure Improvement Payments

Total Amount paid to Payee

Notes34

Canada

Government of Canada

1,218,910,000

40,140,000

680,000

-

-

-

-

1,259,730,000

 

Canada

Canada Newfoundland and Labrador Offshore Petroleum Board

-

-

1,210,000

-

-

-

-

1,210,000

 

Canada -Alberta

Athabasca Chipewyan First Nation

-

-

2,750,000

-

-

-

-

2,750,000

 

Canada -Alberta

Fort Chipewyan Metis Nation

-

-

290,000

-

-

-

-

290,000

 

Canada -Alberta

Fort McKay First Nation

-

-

2,300,000

-

-

-

-

2,300,000

 

Canada -Alberta

Fort McKay Metis Nation

-

-

400,000

-

-

-

-

400,000

 

Canada -Alberta

Fort McMurray 468 First Nation

-

-

170,000

-

-

-

-

170,000

 

Canada -Alberta

Fort McMurray Metis Local 1935

-

-

150,000

-

-

-

-

150,000

 

Canada -Alberta

Province of Alberta

447,080,000

2,567,590,000

55,410,000

-

-

-

-

3,070,080,000

 

Canada -Alberta

Mikisew Cree First Nation

-

-

990,000

-

-

-

-

990,000

 

Canada -Alberta

Municipality of Wood Buffalo

114,220,000

-

-

-

-

-

-

114,220,000

 

Canada -Alberta

Chipewyan Prairie First Nation

-

-

170,000

-

-

-

-

170,000

 

Canada -Alberta

Willow Lake Metis Association

-

-

150,000

-

-

-

-

150,000

 

Canada -Alberta

Conklin Metis Local 193

-

-

140,000

-

-

-

-

140,000

 

Canada -Newfoundland and Labrador

Province of Newfoundland and Labrador

-

244,590,000

-

-

-

-

-

244,590,000

Includes royalties paid in relation to the Hibernia Base, Hibernia Extension, Terra Nova, White Rose and Hebron projects.

Canada -Quebec

Province of Quebec

99,210,000

-

-

-

-

-

-

99,210,000

 

Libya

Government of Libya

National Oil Corporation

236,640,000

267,700,000

-

-

13,700,000

-

-

518,040,000

Taxes & Royalties taken in kind and converted to cash basis using the same methodology (fair market value) as Suncor Energy Inc.'s 2024 consolidated financial statements.

Translated using the financial year average foreign exchange rates: 1 USD : 1.3698 CAD.

United Kingdom of Great Britain and Northern Ireland

Her Majesty’s Government of the United Kingdom of Great Britain and Northern Ireland

Her Majesty's Revenue and Customs Cumbernauld

14,730,000

-

-

-

-

-

-

14,730,000

Translated using the financial year average foreign exchange rate: 1 GBP : 1.7504 CAD.

 

 

 

 

 

 

 

 

Additional Notes:

- All payments are reported in Canadian dollars.
- All amounts have been rounded to the nearest $10,000 CAD.

1 Enter the proper name of the Payee receiving the money (i.e. the municipality of x, the province of y, national government of z).

2 Optional field.

3 When payments are made in-kind, the notes field must highlight which payment includes in-kind contributions and the method for calculating the value of the payment.

4 Any payments made in currencies other than the report currency must be identified. The Reporting Entity may use the Additional notes row or the Notes column to identify any payments that are converted, along with the exchange rate and primary method used for currency conversions.

Extractive Sector Transparency Measures Act - Annual Report

Reporting Year

From:

1/1/2024

To:

12/31/2024

 

 

 

 

 

 

Reporting Entity Name

Suncor Energy Inc.

Currency of the Report

CAD

 

 

Reporting Entity ESTMA Identification Number

E405435

 

 

 

 

Subsidiary Reporting Entities (if necessary)

E368056 Petro-Canada Terra Nova Partnership,
E014222 Petro-Canada Hibernia Partnership,
E294659 Petro-Canada Hebron Partnership,
E984046 Canadian Oil Sands Partnership,
E991999 Fort Hills Energy Limited Partnership,
E761283 Suncor Energy Oil Sands Limited Partnership,
E718793 Suncor Energy Offshore Exploration Partnership,
E895970 Suncor Energy Ventures Partnership

 

 

 

 

Payments by Project

Country

Project Name1

Taxes

Royalties

Fees

Production Entitlements

Bonuses

Dividends

Infrastructure Improvement Payments

Total Amount paid by Project

Notes23

Canada -Alberta

Base Mine

15,390,000

472,150,000

12,520,000

-

-

-

-

500,060,000

 

Canada -Alberta

Firebag

29,200,000

1,595,900,000

5,380,000

-

-

-

-

1,630,480,000

 

Canada -Alberta

MacKay River

3,260,000

179,150,000

2,730,000

-

-

-

-

185,140,000

 

Canada -Alberta

Fort Hills

65,620,000

320,380,000

22,700,000

408,700,000

Canada -Newfoundland and Labrador

Hebron

-

86,320,000

-

-

-

-

-

86,320,000

 

Canada -Newfoundland and Labrador

Hibernia

-

193,890,000

-

-

-

-

-

193,890,000

Hibernia Base and Extension projects have been combined for the purposes of this report.

Canada -Newfoundland and Labrador

Terra Nova

-

3,930,000

1,210,000

-

-

-

-

5,140,000

 

Canada -Newfoundland and Labrador

White Rose

-

600,000

-

-

-

-

-

600,000

 

Libya

Libya

236,640,000

267,700,000

-

-

13,700,000

-

-

518,040,000

Taxes & Royalties taken in kind and converted to cash basis using the same methodology (fair market value) as Suncor Energy Inc.'s 2024 consolidated financial statements.

Translated using the financial year average foreign exchange rates: 1 USD : 1.3698 CAD.

United Kingdom of Great Britain and Northern Ireland

U.K. Oil & Gas Taxes

14,730,000

-

-

-

-

-

-

14,730,000

Translated using the financial year average foreign exchange rate: 1 GBP : 1.7504 CAD.

Canada

Other

740,000

-

20,280,000

-

-

-

-

21,020,000

Includes Emerging properties in the Oil Sands business unit (Meadow Creek, Lewis, Voyageur, Chard, Dover, and Polaris)

 

 

 

 

 

 

 

 

 

Additional Notes3:

- All payments are reported in Canadian dollars.
- All amounts have been rounded to the nearest $10,000 CAD.

1 Enter the project that the payment is attributed to. Some payments may not be attributable to a specific project, and do not need to be disclosed in the "Payments by Project" table.

2 When payments are made in-kind, the notes field must highlight which payment includes in-kind contributions and the method for calculating the value of the payment.

3 Any payments made in currencies other than the report currency must be identified. The Reporting Entity may use the "Additional Notes" row or the "Notes" column to identify any payments that are converted, along with the exchange rate and primary method used for currency conversions.