Oil & Gas regulations are ever changing. This webinar takes you through an in-depth discussion on incentive programs available to Oil and Gas Producers, reviews strategies for Carbon Emission Reductions and provides a high level overview of some of the tools and documents we have developed to navigate air emissions regulations for the industry.
Summary of Air Emission Incentive Programs
Emission Reduction Fund (ERF)
- $675 million fund.
- Available for emission reducing technology or process implementation.
- Funding up to 75% of the project costs.
- This funding is in the form of an interest free loan.
- A portion of the loan 10-50% may be “forgiven” for projects that eliminate emissions.
- Second intake period is open for application. Closes March 19, 2021.
Methane Technology and Implementation Program (MTIP)
- 25 million fund.
- Implemented through Carbon Connect International.
- Open for applications.
- Funding will be allocated on a first come, first serve basis, while funds last.
- Up to 50% of total project costs: max of $1 million per owner, min $10,000.
- This program is stackable with other funding programs (IE ERF)
Energy Savings for Business
- Facilitated through Emissions Reduction Alberta.
- $55 million fund.
- Support small and medium scale industrial and commercial businesses in implementing commercially available energy-efficient technologies.
- Up to $250,000 is available per project to a maximum of $500,000 per company.
- 15-30% projects costs funded.
- Launches February 1, 2021.
Baseline Reduction Opportunity Assessment (BROA)
- Facilitated through Carbon Connect International.
- $10 million fund.
- Support small and medium-sized oil and gas operators to conduct detailed assessments of methane reduction opportunities and fugitive emissions.
- This program is open for Alberta operators with less than 60,000 BOEPD.
- Maximum funding is $200,000 per operator.
- Must use a pre-approved vendor for the assessments.
In addition to ERF, MTIP, BROA and energy savings, the webinar covers a high level overview on how carbon credits interact with some of the programs, details of the application processes to access funding and sample results to date.
To schedule a detailed review of the opportunities or additional assistance with the incentive programs and how they relate to your specific situation, please contact:
Adrienne Headrick, B.A. SC., EP,
Manager, Regulatory & Environmental Development, Energy
FACILITATORS AND DISCUSSION:
Mark Ryan, P.Eng., Vice President, Engineering, Energy
Dean Michaud, P.Eng., Vice President, Projects & Business Development, Energy