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, 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 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.

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): Environmental Responsibilities - Canada is a world leader in environmental responsibility in the development and use of natural resources.

Summary of Results Achieved by the Recipient: As of March 31, 2011, the GMF had committed $555.2 million for more than 870 sustainable community plans, feasibility studies, field tests and capital projects with the potential to leverage over $3 billion of economic activity in approximately 430 Canadian communities. Actual environmental benefits include the reduction of an estimated 175,000 tonnes of carbon dioxide annually from 40 completed capital projects.

More details can be found in the Green Municipal Fund Annual Report 2010–2011.

Program Activity: Clean Energy
($ millions)

Actual Spending 2008-09	Actual Spending 2009-10	Planned Spending 2010-11	Total Authorities 2010-11	Actual Spending 2010-11	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 GMF was completed in 2009.

Significant Audit Findings by the Recipient During the Reporting Year and Future Plan: An independent audit of the GMF was completed in 2009.

Name of Recipient: Sustainable Development Technology Canada (SDTC) for the SD Tech Fund™ (statutory)

Start Date: March 26, 2001

End Date: June 30, 2015

Total Funding: $ 550 million*

Description: SDTC (the Foundation) is managing the SD Tech Fund™ to stimulate the development and demonstration of Canadian technologies aimed at climate change, clean air, clean water and clean soil.

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

Strategic Outcome(s): Environmental Responsibility - 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 $515 million to leverage $1.2 billion in funding from other partners for a total of $1.8 billion in portfolio value across its 210 projects.  SDTC reported that 90% of its projects are led by small and medium-sized companies. 

In 2010 alone, SDTC allocated $77 million to new projects and $15 million as modifications to existing projects, supporting an additional 33 companies and saw the completion of eight projects.  Disbursements to date equal $231 million, of which $58 million was allocated in 2010. 

Of the total portfolio of 210 funded projects: 90% have climate change benefits; 78% have clean air benefits; 43% have soil or water benefits and 89% of all SDTC projects have more than one environmental benefit.

In terms of greenhouse gas emissions (GHG), SDTC projections estimate a total annual reduction in 2015 of between 7 and 17 megatonnes, based on the 210 projects SDTC has funded thus far.

Program Activity: Clean Engergy
($ millions)

Actual Spending 2008-09	Actual Spending 2009-10	Planned Spending 2010-11	Total Authorities 2010-11	Actual Spending 2010-11	Variance(s)
-	-	-	-	-	-

Comments on Variance(s): N/A

Significant Evaluation Findings by the Recipient During the Reporting Year and Future Plan: Two interim evaluations were performed by an independent 3rd party (in 2006 and 2009) as required in the Funding Agreement.  The evaluations reports are available at:
http://www.sdtc.ca/index.php?page=boards-and-committees&hl=en_CA. 

Significant Audit Findings by the Recipient During the Reporting Year and Future Plan:The Agreement requires the Foundation to hire an auditor to audit the accounts and financial transactions of SDTC 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.

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

Start Date: July 30, 2007

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

Total Funding: $250 M

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.

Of the $250M in total funding, $100M is statutory and the remaining $150M is appropriated funding.

Environment Canada contributes an equal amount of $250 million.

Strategic Outcome(s): Environmental Responsibilities - 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, 2011, the Fund had four applications in the Project Assurance Process, compared with only one application at the end of 2009.

Throughout 2010, SDTC saw increased interest in the NGBF due to worldwide progress on the technology and pre-commercial demonstration fronts, as well as global economic recovery.  The Fund is currently tracking over 100 companies, with twenty high potential candidates well aligned with promising technology roll-outs.

Program Activity: Clean Energy
($ millions)

ActualSpending 2008-09	Actual Spending 2009-10	Planned Spending 2010-11	Total Authorities 2010-11	Actual Spending 2010-11	Variance(s)
Statutory	19.0	0.0	20.0	0	20.0
Appropriation	12.5	0.0	37.5	0	37.5

Comments on Variance(s): SDTC required no additional funding in 2010-11

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.