$1.7B will be spent to help clean up"orphaned wells" in oil-producing provinces.Prime Minister Justin Trudeau addresses Canadians on the COVID-19 pandemic from Rideau Cottage in Ottawa on April 17, 2020.
OTTAWA — The federal government is rolling out financial help targeting hard-hit sectors of the economy, acknowledging that some companies need more help while others are slipping through the safety net of emergency aid. The combined package of spending and loans will target the oil and gas sector, small companies that haven’t been able to access existing loan programs, and help for start-ups that had just got off the ground before the pandemic struck last month.The latest figures the federal government has provided about the Canada Emergency Response Benefit, which will now be updated and published, show the program has paid out $17.35 billion to date.
On Friday, the Liberals announced $1.7 billion to help clean up “orphaned wells” in oil-producing provinces, and a $750-million fund to cut methane emissions by providing loans to companies. Speaking outside his Ottawa residence, Prime Minister Justin Trudeau said the government expects all the spending to maintain 10,000 jobs across the country in the oil sector as it faces plummeting prices from decreased demand and a glut of global supply.
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Feds unveil targeted COVID-19 help for energy, arts and sports sectorsPrime Minister Justin Trudeau has announced a new range of targeted financial measures to help the energy, arts, culture, and sports sectors particularly hard-hit by the COVID-19 pandemic that has halted many aspects of Canadian life. Why is the Government ignoring & refusing to address people on CPP-D & the Homeless? Why are they not freezing rent increases for 2020? Why are these people not important? Please help these people NOW! fordnation douglasdowney JustinTrudeau CanadianPM COVID19 FridayVibes
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Feds unveil targeted COVID-19 help for energy, arts and sports sectorsPrime Minister Justin Trudeau has announced a new range of targeted financial measures to help the energy, arts, culture, and sports sectors particularly hard-hit by the COVID-19 pandemic that has halted many aspects of Canadian life. Why is the Government ignoring & refusing to address people on CPP-D & the Homeless? Why are they not freezing rent increases for 2020? Why are these people not important? Please help these people NOW! fordnation douglasdowney JustinTrudeau CanadianPM COVID19 FridayVibes
Source: CTVNews - 🏆 1. / 99 Read more »
Ottawa contributing $1.7B to orphan well cleanup in westCanada is sending billions of dollars in aid to the country’s bruised energy sector with a double focus of helping companies maintain environmental targets. Why aren't these dam oil companies paying to clean up their own mess? No wonder Alberta has such a bad name. Why are we paying for this and not the greedy oil companies themselves?
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