ARCHIVED - Natural Resources Canada - Supplementary Tables

Name of Recipient: Green Municipal Fund (GMF) (Statutory)

Federation of Canadian Municipalities’ (FCM) Green Municipal Fund (GMF) formerly known as the Green Municipal Enabling Fund (GMEF) and the Green Municipal Investment Fund (GMIF) 

Start Date: March 31^st , 2000

End Date: In perpetuity

Total Funding: $550M*

Description:

The Government of Canada endowed the Federation of Canadian Municipalities (FCM), a non-profit organization, with $550 million* to establish the Green Municipal Fund (GMF) to provide a long-term, sustainable financing for municipal governments and their partners.  The GMF invests in plans, studies and projects that provide the best examples of municipal leadership in sustainable development and that can be replicated in other Canadian communities.

The intent of the GMF is to encourage investment in environmental municipal infrastructure.  Specifically, the priorities of the fund are to have a positive impact on the health and the quality of life of Canadians by reducing greenhouse gas (GHG) emissions, improving local air, water and soil quality and promoting renewable energy by supporting environmental studies and projects within the municipal sector.  Additional considerations include the potential for economic and/or social benefit.

The amount of GMF financing available to municipalities is directly related to the environmental, economic and social benefits of the projects undertaken.  Grants of up to 50% to a maximum of $350,000 are available for plans, studies and field tests.  GMF can provide below-market financing for capital projects up to 80% of costs to a maximum of $4M in loans combined with $400,000 in grants.  Brownfield projects are eligible for below-market loans only, with no funding limit.

Under the GMF agreement, the Government of Canada (represented by NRCan and Environment Canada) participates in governance of this revolving fund, along with representatives from the public and private sectors, including municipal officials and technical experts, through a Peer Review Committee and an Advisory Council. The FCM Board of Directors approves projects based on the Council’s recommendations.

*NRCan’s share is $275M

Strategic Outcome(s): Canada is a world leader on environmental responsibility in the development and use of natural resources.

Summary of Results Achieved by the Recipient: As of March 31^st , 2009, the GMF had approved over $402M for 735 plans, studies and projects with a total project value of $2.6B.  For up-to-date data as it becomes available, please refer to the most recent GMF annual report at the following link: http://gmf.fcm.ca/about_us/annual_reports/default.asp.

Program Activity: Clean Energy
($ millions)

Actual Spending 2007-08	Actual Spending 2008-09	Planned Spending 2009-10	Total Authorities 2009-10	Actual Spending 2009-10	Variance(s)
0.0	0.0	0.0	0.0	0.0	0.0

Comments on Variance(s): N/A

Significant Evaluation findings by the recipient during the reporting year and future plan: An independent review of the Green Municipal Fund was completed in September, 2009.

Significant Audit findings by the recipient during the reporting year and future plan: An independent audit of the Green Municipal Fund was completed in September, 2009.

URL to Recipient’s Site:  http://sustainablecommunities.fcm.ca

URL to Recipient’s Annual Report: http://sustainablecommunities.fcm.ca/About_Us/Annual_Reports

Name of Recipient: Sustainable Development Technology Canada (SDTC)- (Statutory) - SD Tech Fund

Start Date: March 26^th , 2001

End Date: June 30^th , 2015

Total Funding: $ 550M

Description: To stimulate the development and demonstration of Canadian technologies aimed at climate change, clean air, clean water and clean soil.

Strategic Outcome(s): Canada is a world leader on environmental responsibility in the development and use of natural resources.

Summary of Results Achieved by the Recipient: SDTC has allocated a total of $463M to 183 projects. This amount has been leveraged with an additional $1.1B in funding from the project partners for a total project value of $1.6B. The SD Tech Fund portfolio is forecasted to provide discounted GHG reductions of 7-17 Mt CO2e by 2015.

Program Activity: Clean Energy*
($ millions)

Actual Spending 2007-08	Actual Spending 2008-09	Planned Spending 2009-10	Total Authorities 2009-10	Actual Spending 2009-10	Variance(s)
0.0	0.0	0.0	0.0	0.0

Comments on Variance(s): N/A

Significant Evaluation findings by the recipient during the reporting year and future plan: The findings of the June 2009 Interim Evaluation were generally very positive and found continued need for the Fund and good alignment with the current priorities of the Government of Canada. SDTC will also conduct a final evaluation in June.

Significant Audit findings by the recipient during the reporting year and future plan: Natural Resources Canada and Environment Canada are currently conducting a Value-for-Money (Performance) Audit of the SD Tech Fund, as stipulated by the funding agreement. The findings are expected October 2010.

URL to recipient's site: http://www.sdtc.ca/en/index.htm.

URL to recipient's annual report: http://www.sdtc.ca/en/news/annual_reports.htm.

* NRCan share only

Name of Recipient: Sustainable Development Technology Canada (SDTC) for the NextGen Biofuels Fund™

Start Date: April 1^st , 2007

End Date: Agreement ends Sept 30^th , 2027; last disbursement of funds to SDTC by March 31^st , 2015

Total Funding: $500M *

Description:

SDTC is managing the NextGen Biofuels Fund™ (NGBF), which will support up to 40% of eligible project costs to a maximum of $200M per project for the establishment of first-of-kind, large-scale demonstration next-generation renewable fuel production facilities to encourage the future sustainability and success of renewable fuels.  Next-generation renewable fuels are derived from non-traditional renewable feedstocks, such as forest biomass, fast-growing grasses, and agricultural residues, and are produced with non-conventional conversion technologies. 
Since next-generation technologies are capital equipment intensive, they constitute a greater debt financing risk.  The support provided by the NGBF will encourage the retention and growth of technology expertise and innovation capacity for next-generation renewable fuels production in Canada. 
Of the $500M in total funding, $200M is statutory funding.  The remaining $300M in funding is to be appropriated by Parliament over the period of 2008/09 to 2014/15. 

* The funding is equally divided between NRCan and Environment Canada.

Strategic Outcome(s): Canada is a world leader on environmental responsibility in the development and use of natural resources.

Summary of Results Achieved by the Recipient:

As of December 31, 2009, the Fund had one application in the Project Assurance Process. In 2009, the global deployment of the next generation renewable fuels industry has been unfavourably impacted by gaps pertaining to technology readiness, the worldwide financial crisis, and the economic downturn.  However, at the beginning of 2010 increased deal flow activity had been observed.

The NGBF is currently tracking over 100 companies, several of which have expressed interest in submitting an application to the NextGen Biofuels Fund™ in the short term.  More specifically, nine projects are currently identified as strong potential applicants for whom promoters are actively working on critical eligibility conditions. The NGBF team is actively engaged in outreach activities which are targeting leading next generation renewable fuels companies.

Program Activity: Clean Energy Statutory
($ millions)

Actual Spending 2007-08	Actual Spending 2008-09	Planned Spending 2009-10	Total Authorities 2009-10	Actual Spending 2009-10	Variance(s)
1.6	19.0	20.0	0.0	0.0	20.0

Program Activity: Clean Energy Appropriation
($ millions)

Actual Spending 2007-08	Actual Spending 2008-09	Planned Spending 2009-10	Total Authorities 2009-10	Actual Spending 2009-10	Variance(s)
	12.5	0.0	0.0	0.0	0.0

Comments on Variance(s): SDTC required no additional funding in fiscal year 2009-2010.

Significant Evaluation findings by the recipient during the reporting year and future plan: Three interim evaluations will be performed by an independent 3rd party (Nov 30, 2012, Nov 30, 2017 and Nov 30, 2022); a final evaluation by Sept 30, 2027.  Canada may choose to evaluate the Foundation at any time over the life of the agreement to determine whether it is fulfilling its objectives.

Significant Audit findings by the recipient during the reporting year and future plan: The agreement with SDTC requires the Foundation to hire an auditor to audit the accounts and financial statements and appoint an Audit Committee to oversee the financial management of the Foundation.  It also stipulates that Canada or the Auditor General may undertake a compliance audit at any time over the life of the Fund.

URL to recipient's site:http://www.sdtc.ca.

URL to recipient's annual report: http://www.sdtc.ca/en/news/annual_reports.htm.