The Government of Canada is providing financial support to clean up orphan and inactive oil and gas wells in Alberta, Saskatchewan and British Columbia. An Emission Reduction Fund was also created to support workers and reduce emissions in Canada’s oil and gas sector. The following provides a brief summary of these government programs, including details relating to eligibility, how to apply and general terms and conditions, as applicable. We will endeavour to update this page on a daily basis. However, for a complete and up to date description, please consult the applicable program webpage. Should you have any questions, please feel free to reach out to a Goodmans lawyer. Programs include:
Cleaning Up Orphan and Inactive Oil and Gas Wells
Program Overview
- $1.72 billion is being provided to the governments of Alberta ($1.2 billion), Saskatchewan ($400 million), and British Columbia ($120 million), and to the Alberta Orphan Well Association, to clean up orphan and inactive oil and gas wells.
Eligibility
- Alberta, Saskatchewan and British Columbia (Dormant Sites Reclamation Program, the Orphan Sites Supplemental Reclamation Program and the Legacy Sites Reclamation Program) have distributed their funding across a number of programs. Each program has different eligibility criteria and application process timelines.
How to Apply
- Applications for Alberta, Saskatchewan and British Columbia can be found on their respective government webpages.
The Emission Reduction Fund
Program Overview
- Up to $750 million is being provided under the Emissions Reduction Fund to support workers and reduce emissions in Canada's oil and gas sector, with a focus on assisting companies in reaching their methane reduction targets.
- Of this amount, $75 million will be allocated to investments in the offshore sector in Newfoundland and Labrador
- A portion of these loans will be convertible to grants.
Eligibility
- Eligible oil and gas sector companies. More details will be released soon.
How to Apply
- More details will be released soon.
- Funds will be available for two years starting in the 2020-21 fiscal year.
