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This Week's Highlights
Offshore Emissions Reduction Fund launched; applications opening in November
NOTE: This opportunity has expired or is an event which has already taken place.
The $75 million offshore investment as part of 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.
Offshore Deployment Program
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. This fund will be administered through NRCan. Click here to sign up for email updates on this fund.
Offshore RD&D Program
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. This fund will be administered through Petroleum Resources NL. Click here for more information and to sign up for email updates on this fund.
Both portions will support the offshore oil and gas sector to invest in green solutions to reduce GHGs and retain jobs in the sector.
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