This program concluded on June 18, 2020.

Overview

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

Initiatives

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.

News