Western Canadian Select oil is now trading at negative prices.👇
Killing & delaying pipelines landlocked us.
#Covid19 collapsed demand.
The Russian-Saudi price war surged supply, filling up inventories.
The future of hundreds of thousands of Canadian jobs is at stake.
Killing & delaying pipelines landlocked us.
#Covid19 collapsed demand.
The Russian-Saudi price war surged supply, filling up inventories.
The future of hundreds of thousands of Canadian jobs is at stake.
Oil & gas is the largest sub sector of Canada’s economy.
It is by far our largest export industry.
In the past 18 years, the industry has contributed $359 billion in taxes & royalties to pay for public services. canadianenergycentre.ca/359-billion-wh…
Over 500,000 jobs depend on oil & gas.
It is by far our largest export industry.
In the past 18 years, the industry has contributed $359 billion in taxes & royalties to pay for public services. canadianenergycentre.ca/359-billion-wh…
Over 500,000 jobs depend on oil & gas.
When Central Canada’s auto sector risked collapse in 2008, Canada took action to ensure a future for those workers.
A collapse of the Canadian energy sector would be economically devastating for the whole country, from banks, to pension funds, to manufacturers, to govt revenues.
A collapse of the Canadian energy sector would be economically devastating for the whole country, from banks, to pension funds, to manufacturers, to govt revenues.
Alberta is doing its part to ensure a future for the industry, in part through a $7.5 billion investment in the construction of #KeystoneXL.
We appreciate last week’s federal announcement to create oil field service jobs through well reclamation; to help companies create jobs...
We appreciate last week’s federal announcement to create oil field service jobs through well reclamation; to help companies create jobs...
by investing in technology & equipment that reduces methane emissions; & with an important credit facility to support liquidity for small & mid sized energy companies.
But significantly more action is urgently needed to ensure a future for an enormous part of Canada’s economy.
But significantly more action is urgently needed to ensure a future for an enormous part of Canada’s economy.
I had a long conversation with Premier @DwightBallNL about these issues tonight.
This is not just about Alberta. The energy industry has created jobs & opportunity in every region of Canada for decades.
I appreciate the support of Canada’s Premiers in calling for urgent action
This is not just about Alberta. The energy industry has created jobs & opportunity in every region of Canada for decades.
I appreciate the support of Canada’s Premiers in calling for urgent action
