Government Announces “The Energy Diversification Act”
On March 8, 2018, Minister Marg McCuaig-Boyd announced The Energy Diversification Act. This legislation will launch a second round of the Petrochemicals Diversification Program and establish a Feedstock Infrastructure Initiative to help deliver the natural gas components needed for more private investment in value-added development.
To support this initiative, the Petrochemicals Diversification Program will see $500 million in royalty credits and the new Feedstock Infrastructure Program will see $500 million in grants and loan guarantees.
Click here for more information on The Energy Diversification Act.