News Releases
Alberta Releases Grant Period 5 and 6 Application Requirements:
The Alberta Government has released the details for Period 5 of the Alberta Site Rehabilitation Program. Applications will open on February 1, 2021 and will remain open until March 31, 2022. An additional $300 million in grant funding is available, and the incentive for Licensees is to utilize Indigenous Owned businesses to increase their funding from 50% to 100%.
Key Details for Grant Period 5
$300 million in funding is available:
Licensees with confirmed hydrocarbon production in 2019, and that spent corporate funds doing closure work in 2019 or 2020, will be allocated SRP grant funding amounts for period 5.
To be eligible for a period 5 allocation, licensees must demonstrate:
production in 2019.
evidence of eligible closure spending in 2019 or 2020.
Eligible closure spending includes:
spending on abandonment, Phase 1 environmental site assessments (ESAs), Phase 2 ESAs, and remediation or reclamation work activities.
Acceptable evidence of closure spending includes:
an invoice or cost authorization report that contains the asset location, description of work, and spending amount.
Government will contact licensees directly to determine their eligibility for a period 5 allocation.
The final list of eligible licensees and their Period 5 grant allocations will be posted on this webpage on February 1, 2021.
Additional Period 5 Details
Oil field service contractors can contract with licensees to do closure activities and apply for an SRP grant to get funding to do the work; licensees cannot apply for this funding – only the contractor doing the work can do so.
Projects are eligible for up to 50% grant funding – the licensee is responsible for paying the remaining amount.
Grant funding will be increased up to 100% of the project value if the licensee contracts with Indigenous oil field service companies (https://www.alberta.ca/assets/documents/energy-srp-indigenous-oil-field-service-contractor-list.pdf).
Licensees can review a list of some Indigenous oil field service companies in Alberta to contract with them to do SRP closure work.
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