BC Producers Eligible Grant for Up To 90% Through CleanBC Industry Fund

The BC Government has recently announced that BC producers are eligible for grand funding through two new programs through their CleanBC Industry Fund. These funds present an opportunity for BC oil and gas producers to fund emission reduction programs on their existing sites.

Open Date: Open for submission now
Closing Date: April 30, 2021
Maximum Project Funding Percentage: 90%
Maximum Project Cost: $25M

Who’s Eligible: BC Operators reporting under GHG Industrial Reporting and Control Act

The BC Clean Industry Emissions Performance fund is a competitive fund focused on reducing emissions through deployment of commercialized technologies. There is a preference for projects completed during the 2021-2022 fiscal year however projects can run until March 31, 2024. All projects will be rated on a scale assessing cost per tCO2e eliminated, timing, risks and additional economic benefits, with the primary driver being cost per tCO2e. Progress payments are outlined during the application process with a maximum of 50% of the provincial share of funding available at the outset of the project.

Open Date: Open for submission now
Closing Date: May 24, 2021
Maximum Project Funding Percentage: 75%

Who’s Eligible: BC Operators reporting under GHG Industrial Reporting and Control Act.

The BC Clean Industry Innovation Accelerator Fund is a competitive fund focused on accelerating new technologies in the Technology Readiness Level (TRL) 7 or 8. The projects must contribute to the commercialization of these technologies and all technologies must have a reasonable path to widespread commercial adoption. Even thought this option does not provide as high a project funding percentage, it is expected the Emissions Performance Fund will be very competitive so Innovation Accelerator projects will likely have a better opportunity for funding.

There is a preference for projects completed during the 2021-2022 fiscal year however projects can run until March 31, 2024. All projects will be rated on a scale assessing economic and environmental benefits as well as the proposed technology market potential and likelihood of success. Progress payments are outlined during the application process with a maximum of 80% of the provincial share of funding available at the outset of the project.

If you are interested in leveraging the Emissions Performance Fund to eliminate methane emissions on your wellsites, please reach out to Westgen at info@westgentech.com for a free project and baseline assessment.

If you are interested in the Innovation Accelerator Fund and supporting the next generation of methane venting solutions, please reach out to learn about some of the pre-commercial technologies we have in the works.

If you have any questions or would like additional information please contact us.