Legislative Costing Note
Emissions Reduction Fund – Onshore
May 26, 2021
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Introducing financial support for oil and gas companies to reduce methane emissions.
The Emissions Reduction Fund (ERF) – Onshore will offer up to $675 million in contributions to support capital projects that lower or eliminate routine venting of methane oil and gas operations. The overall ERF includes a further $75 million for offshore oil and gas operations, which is outside the scope of the analysis.