Funding Opportunities for Emissions Reduction Activities in Oil and Gas

With increasing regulatory requirements and pressure from shareholders and stakeholders, cost-effective emissions reduction activities have never been so important. Oil and Gas companies have many priorities including maximizing profit, attracting investment, regulatory requirements, and focus on the environment, social, and governance. Juggling all of this – along with ensuring day-to-day operations are running smoothly – can leave little time to navigate the changing landscape of emissions funding opportunities.

Recently, provincial and federal governments have made numerous funding announcements to provide funding for emissions reduction activities. Companies can leverage these funding opportunities to support their reduction activities. Highwood Emissions Management estimates that over $1 billion in funding has been announced over the past year. Examples of the funding announcements are as follows:

Taking advantage of these opportunities could put companies at an advantage, providing much-needed funding to Oil and Gas companies.