The Emissions Reduction Fund

Natural Resources Canada

Program purpose (as reported by the department)

The purpose of the Emissions Reduction Fund is to help Canadian oil and gas companies invest in clean solutions to reduce methane and other greenhouse gas emissions.

Agreements with businesses
42
Median agreement
$2,016,135
Range
$0 – $18,474,564
Recipients
26
Last 12 months
0
Total value
$171,220,964

What the numbers say

  • Half of the agreements with businesses are worth $2,016,135 or less.
  • The largest recipient, HALO EXPLORATION LTD., holds $37,473,875 (22% of the program's business funding in this data).
  • The most recent agreement in the data started on 2023-05-12.

By fiscal year

2021-22$112,701,10329
2022-23$38,822,13911
2023-24$19,697,7222

By recipient province

AB$168,526,96439
NL$2,694,0003

Largest recipients

RecipientAgreementsValueLatest start
HALO EXPLORATION LTD.4$37,473,8752022-12-13
HEADWATER EXPLORATION INC.2$36,949,1282021-07-30
TAMARACK VALLEY ENERGY LTD2$25,472,6462023-05-12
STEEL REEF INFRASTRUCTURE CORP.3$18,381,4822022-11-22
SPUR PETROLEUM LTD.2$9,345,1092021-07-30
CRESCENT POINT RESOURCES PARTNERSHIP1$7,865,2752021-11-08
TAMARACK VALLEY ENERGY LTD.1$5,389,1532021-09-22
TOURMALINE OIL CORP3$4,687,8102022-09-22
CRESCENT POINT ENERGY CORP.1$4,365,0682022-11-01
TAMARACK ACQUISITION CORP.1$3,161,9732021-09-22
CANADIAN NATURAL RESOURCES LIMITED3$2,529,7502022-11-07
SURGE ENERGY INC1$2,140,5832021-07-30
SATURN OIL & GAS INC.2$2,016,1352023-05-08
RIDGEBACK RESOURCES INC.1$2,016,1352021-07-30
AMPELMANN CANADA LIMITED1$1,798,0002022-03-11

Recent agreements

StartRecipientProjectProvinceValue
2023-05-12TAMARACK VALLEY ENERGY LTDNATURAL GAS PROCESSING PLANT AND GATHERING SYSTEMAB$17,681,587
2023-05-08SATURN OIL & GAS INC.RIDGEBACK RESOURCES METHANE CONSERVATION PROJECTAB$2,016,135
2023-01-16TAMARACK VALLEY ENERGY LTDTAMARACK - NIPISI INTAKE 3 GAS CONSERVATION PROJECTAB$7,791,059
2022-12-13HALO EXPLORATION LTD.DUVERNAY GAS CONSERVATION PROJECTAB$6,279,971
2022-12-13HALO EXPLORATION LTD.DUVERNAY GAS CONSERVATION PROJECTAB$12,559,942
2022-12-08SATURN OIL & GAS INC.SATURN OIL & GAS METHANE CONSERVATION PROJECTAB$0
2022-11-22STEEL REEF INFRASTRUCTURE CORP.STEEL REEF STEELMAN ACID GAS INJECTIONAB$4,655,539
2022-11-07TOURMALINE OIL CORP.Intake 3 Gas Conservation ProjectAB$442,500
2022-11-07TOURMALINE OIL CORP.Intake 3 Gas Conservation ProjectAB$1,056,000
2022-11-07CANADIAN NATURAL RESOURCES LIMITEDPIERSON MANITOBA CO-INJECTION PROJECTAB$1,125,750
2022-11-01CRESCENT POINT ENERGY CORP.BROMHEAD GAS CONSERVATION PROJECTAB$4,365,068
2022-09-22TOURMALINE OIL CORPRISING STAR RESOURCES VAPOUR RECOVERY UNIT COMPRESSOR AND TIE-INAB$262,224
2022-09-14TOURMALINE OIL CORPRISING STAR RESOURCES GAS GATHERING PROJECTAB$284,086
2022-03-31OCEANS LIMITEDDevelopment of an Ocean Circulation Forecasting System for Oil Spill TrajectoriesNL$496,000
2022-03-31HORIZON MARITIME SERVICES LTDOffshore Connected Worker Mixed Reality ApplicationNL$400,000
2022-03-11AMPELMANN CANADA LIMITEDContribution in support of project to Revolutionize Offshore Personnel TransferNL$1,798,000
2022-03-10CANADIAN NATURAL RESOURCES LIMITEDSASKATCHEWAN WELLSITE VENTING REDUCTION PROJECTAB$624,000
2022-03-10CANADIAN NATURAL RESOURCES LIMITEDSASKATCHEWAN WELLSITE VENTING REDUCTION PROJECTAB$780,000
2022-01-10STEEL REEF INFRASTRUCTURE CORP.STEEL REEF METHANE CONSERVATION PROJECTSAB$6,584,967
2022-01-10STEEL REEF INFRASTRUCTURE CORP.STEEL REEF METHANE CONSERVATION PROJECTSAB$7,140,976
2021-12-10IPC CANADA LTD.IPC EMULSION TIE-IN PROJECTSAB$1,192,498
2021-11-08CRESCENT POINT RESOURCES PARTNERSHIPCRESENT POINT RESOURCES PARTNERSHIP PIPELINES AND SWB TIE-INSAB$7,865,275
2021-10-08WHITECAP RESOURCES INC.WHITECAP METHANE CONSERVATION PROJECTAB$1,104,266
2021-09-22TAMARACK VALLEY ENERGY LTD.TAMARACK GAS GATHERING INFRASTRUCTUREAB$5,389,153
2021-09-22TAMARACK ACQUISITION CORP.TAMARACK GAS GATHERING INFRASTRUCTUREAB$3,161,973

Method & sources

Source: Government of Canada "Proactive Disclosure – Grants and Contributions" (Open Government Licence – Canada). We include agreements with for-profit recipients that started on or after April 1, 2021, and keep the latest amendment of each agreement, so values are the current agreement value, not money paid out. Departments report on their own schedule, so the most recent quarter is incomplete. Recipients are linked to company pages by exact name match. This is not an endorsement or an eligibility determination — check each program's official page.

Dataset on open.canada.ca · Search the official grants records