Offshore emissions reduction fund

Advancing Canada’s offshore oil and gas sector

The Offshore Emissions Reduction Fund is now closed to applications.

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 Energy Research & Innovation Newfoundland & Labrador.