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More than 130 international locations have agreed on sweeping adjustments to how big world firms are taxed, including a 15{c31e56554b11fd2904287ea74717ceaa3402389ba0dde226213ae56c0ea7f8a7} minimal company rate. This fund will provide primarily repayable contributions to standard and offshore oil and gasoline corporations to support their investments to reduce greenhouse gas emissions. Launching the Emissions Reduction Fund We are offering up to $750 million to create a brand new Emissions Reduction Fund to support staff and reduce emissions in Canada’s oil and gas sector, with a concentrate on methane. The fund seeks to provide support for businesses that don’t qualify for different Government of Canada COVID-19 relief measures.

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