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Table 5 – Foundations (Conditional Grants)
| 1. Name of Recipient: Sustainable Development Technology Canada (SDTC) for the NextGen Biofuels Fund™ | ||
| 2. Start Date: April 1, 2007 | 3. End Date: Agreement ends Sept 30, 2027; last disbursement of funds to SDTC by March 31, 2015 | 4. Total Funding: $500,000,000 * ($200,000,000 statutory funds & $300,000,000 appropriation). |
| 5. Description: SDTC is managing the NextGen Biofuels Fund™, 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 NextGen Biofuels Fund™ will encourage the retention and growth of technology expertise and innovation capacity for next-generation renewable fuels production in Canada. * The funding is divided equally between NRCan and Environment Canada. The $200,000,000 statutory funds were approved in Bill C-52, an Act to implement certain provisions of the Budget tabled in Parliament on March 19, 2007. This funding will be requested as required. |
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| 6. Strategic Outcome: Canada is a world leader on environmental responsibility in the development and use of natural resources. | ||
| 7. Summary of Annual Plans of Recipient: SDTC Corporate Plan for 2008 released October 2007. Executive summary posted on website below. | ||
| 8. Planned Evaluations: 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. | ||
| 9. Planned Audits: An auditor appointed by the Foundation will perform an annual financial audit. Canada may undertake a compliance audit at any time over the life of the agreement. Canada may also undertake at least once every five years a value-for-money audit (performance). | ||
| 10. URL of Recipient Site: www.sdtc.ca | ||
| 1. Name of Recipient: Green Municipal Fund (GMF) 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) |
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| 2. Start Date: Budget 2000 | 3. End Date: In perpetuity | 4. Total Funding: $550M * |
| 5. Description: 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 emissions, improving local air, water and soil quality and
promoting renewable energy by supporting environmental studies and projects within the municipal sector. The GMF is equally co-funded by NRCan and Environment Canada (EC) who manage the fund at arms' length creating a strong partnership between the FCM and the Government of Canada. The FCM Board of Directors, formally designated as the decision-making body for the funds, is advised by a 15-member council with five federal appointees. The Council plays a key role, supported by the FCM secretariat and the GMF Peer Review Committee. Created in Budget 2000 with an endowment of $125M, the Green Municipal Funds (consisting of the GMEF and the GMIF) were doubled in Budget 2002 with an additional $125M. Budget 2005 announced $300M of additional funding to the GMF and merged the GMEF and the GMIF into one $550 million revolving fund known as the Green Municipal Fund. The GMF supports grants, loans and loan guarantees and is consistent with the purpose and intent of the original agreements. $150 million dollars of this fund is to be used exclusively to provide loans for the clean-up and redevelopment of brownfields. The amount of GMF financing available to municipalities is directly related to the environmental benefits and/or innovation of the projects undertaken, with grant/loan contributions of up to 80% of eligible costs available for projects with exceptional benefits. |
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| 6. Strategic Outcome: Canada is a world leader on environmental responsibility in the development and use of natural resources. | ||
| 7. Summary of Annual Plans of Recipient: The FCM is expected to issue the 2008-2009 Annual Statement of Plans and Objectives by March 31, 2008. It will be posted on the FCM web site noted below. | ||
| 8. Planned Evaluations: EC and/or NRCan do not have any plans for an evaluation at this time. | ||
| 9. Planned Audits: The FCM is expected to issue the 2007-2008 Annual Financial Audit by August 31, 2008. EC and/or NRCan do not have any plans for an audit at this time. | ||
| 10. URL of Recipient Site: http://www.sustainablecommunities.fcm.ca/Home/. | ||
| *NRCan's share is $275M | ||
