This program concluded on June 18, 2020.
We’re providing economic relief to Alberta’s energy industry to address challenges resulting from the COVID-19 pandemic and declining oil prices due to an international price war. The energy sector supports more than 800,000 jobs across Canada
Site Rehabilitation Program
We’ve launched a $1 billion Site Rehabilitation Program to get Albertans back to work, by providing grants to oil field service contractors to perform well, pipeline, and oil and gas site closures – creating approximately 5,300 jobs and cleaning up thousands of sites across the province.
Funding the Alberta Energy Regulator levy
We’re funding the Alberta Energy Regulator industry levy for a 6 months, achieving $113 million in industry relief.
Extensions for oil and gas tenures
Were extending the term of mineral agreements expiring between March 20, 2020 and March 31, 2021 by 1 year to provide increased certainty for industry by allowing additional time to raise capital and plan future activities.
Orphan Well Association loan
A $100 million loan was recently extended to the Orphan Well Association to bolster immediate reclamation efforts, decommission about 1,000 wells, and start more than 1,000 environmental assessments – creating up to 500 direct and indirect jobs.
- Federal energy stimulus package: Premier Kenney (April 17, 2020)
- Protecting jobs, providing economic relief for the energy sector (March 20, 2020)
- Creating jobs, accelerating well cleanup (March 2, 2020)
- $1 billion program to create 5,300 jobs (April 24, 2020)