Advancing Canada’s offshore oil and gas sector
The $75 million offshore investment as part of the Emissions Reduction Fund (ERF) will help Canada meet its environmental commitments, rebuild the economy, and create a lower carbon economy, especially towards reducing greenhouse gas emissions (GHGs).
The offshore portion of the ERF has two components:
- The Offshore Deployment Program is a $42 million investment supporting capital projects designed to either reduce offshore GHGs or improve the environmental performance of offshore oil spill monitoring, detection and response activities.
- The Offshore RD&D Program is a $33 million investment supporting research, development and demonstration projects that advance solutions to decarbonize Newfoundland and Labrador’s offshore industry. It is being delivered in collaboration with Petroleum Research Newfoundland and Labrador.
Both portions will support the offshore oil and gas sector to invest in green solutions to reduce GHGs and retain jobs in the sector.
Apply for the Offshore Deployment Program here.
Find more information on the Offshore RD&D Program here.
Issued by Government of Canada on November 9, 2020.