On April 24, 2020, the Government of Alberta announced the
creation of the Site Rehabilitation Program (the Program)
to be launched May 1, 2020. The Program is the vehicle by which
Alberta will distribute up to $1 billion from its share of the
$1.72 billion in federal funding to support Alberta, Saskatchewan
and British Columbia's work to clean up orphan or inactive oil
and gas wells, pipelines and facilities.
Funding for closure and reclamation is one of several measures
included in the federal government's COVID-19 Economic Response Plan for the
Canada's Energy Sector announced on April 17, 2020. The
federal government's response also includes a $750-million
repayable loan program through Natural Resources Canada to support
eligible energy sector firms in making capital investments
necessary to reduce greenhouse gas emissions, with a focus on
methane. In addition, as of April 17, 2020, the Business Credit
Availability Program was expanded to include