Environment, Health & Safety
The Corporation is committed to ensuring the health and safety of the Employees of its manager (the "Manager") and all others involved with or impacted by the Corporation's operations.
The Manager will seek every reasonable means to provide a safe work environment; employ personnel with the skills training and equipment required to complete their jobs in a safe manner; and use practices and procedures which meet or exceed the current regulatory or recognized industry standards. As well, the Manager will encourage the active involvement and support of its Employees in promoting and carrying out an effective safety program for the Corporation. Management and supervisory personnel of the Manager will have direct responsibility for ensuring these objectives are met.
The Manager and its Employees will assume responsibility for performing every job in a manner that safeguards themselves and their fellow workers. This will be accomplished by ensuring adequate preparation is undertaken for all activities and operations, following proper practices and procedures, and exercising sound judgement and common sense in relation thereto. Equally important is the responsibility of the Manager and every Employee of the Manager to identify and report unsafe working conditions or inadequately trained or equipped personnel to a supervisor or management, immediately.
While the Corporation and Manager seek the maximum voluntary cooperation of the Manager's Employees, based on a strong sense of personal responsibility, it is the Manager's policy that the failure to actively participate in the Manager's Safe Work Programs is grounds for termination of employment.
Adastra was established in February 2012 to provide technical and management services to Polar Star Canadian Oil and Gas, Inc. ("Polar Star"), a corporation indirectly wholly owned subsidiary of Teachers Insurance and Annuity Association of America ("TIAA") College Retirement Equities Fund ("CREF").
Extractive Sector Transparency Measures Act (ESTMA)
The Extractive Sector Transparency Measures Act was enacted on December 16, 2014, and brought into force on June 1, 2015. The Act delivers on Canada’s international commitments to contribute to global efforts to increase transparency and deter corruption in the extractive sector by requiring extractive entities active in Canada to publicly disclose, on an annual basis, specific payments made to all governments in Canada and abroad.
ESTMA reporting is done at the highest level of entity control. Reporting for Polar Star Canadian Oil and Gas, Holding, Inc is on behalf of the following entities:
Polar Star Canadian Oil and Gas, Inc.
Nova Star Oil and Gas, Inc.
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