Close X
Thursday, November 28, 2024
ADVT 
National

Put Oil 'Crisis' On First Ministers' Agenda: Alberta, Saskatchewan Premiers

The Canadian Press, 04 Dec, 2018 11:20 AM
  • Put Oil 'Crisis' On First Ministers' Agenda: Alberta, Saskatchewan Premiers
Alberta and Saskatchewan want issues facing the oilpatch to be on the agenda when premiers meet with the prime minister later this week.
 
 
Alberta Premier Rachel Notley and Saskatchewan Premier Scott Moe have made the request in an open letter to Justin Trudeau.
 
 
They say the current agenda does not include any discussion of a crisis facing the energy industry.
 
 
Alberta's oil is currently fetching bargain basement prices thanks to a growing glut and lack of pipeline capacity to get oil to market.
 
 
The premiers say the problem is costing Canada $80 million a day and the meeting agenda should reflect that.
 
 
The premiers are scheduled to meet with Trudeau in Montreal on Friday.
 
 
"During your recent visit to Calgary, you called the economic impact of the oil price differential a 'crisis.' We agree," Notley and Moe wrote in a letter released Tuesday.
 
 
"A crisis of this magnitude must be reflected in any discussion on 'Economic Competitiveness.' We trust that the agenda for our upcoming First Ministers’ Meeting can be revised to better reflect the need for a substantive discussion on issues of critical importance to the Canadian economy."
 
 
While the rest of the world sells its oil at about $50 per barrel, Notley has said Alberta fetches only $10.
 
 
She has ordered a mandatory cut to oil production which amounts to 8.7 per cent of output to reduce the glut of oil forcing the steep discounts. The cuts are scheduled to end on Dec. 31, 2019.
 
 
Alberta is also planning on buying as many as 80 locomotives and 7,000 rail tankers — expected to cost hundreds of millions of dollars — to move the province's excess oil to markets and address the pipeline bottleneck.
 
 
The Trans Mountain expansion project, which would triple capacity to the B.C. coast, is now in legal limbo despite being approved two years ago as Ottawa revisits the impacts on First Nations and B.C.'s marine environment.

MORE National ARTICLES

Toronto 'Carding' Activist Desmond Cole Stopped By Police In Vancouver

VANCOUVER — A Toronto activist and writer who was stopped by Vancouver police a day after arriving in the city says his experience reveals what daily life is like for black and Indigenous residents.

Toronto 'Carding' Activist Desmond Cole Stopped By Police In Vancouver

Mounties Arrest Two Vancouver Men After Supermarket Reports $1,400 Butter Caper

 Two Vancouver men are facing charges of theft after RCMP in Coquitlam, B.C., say they arrested the pair for allegedly stealing a shopping cart loaded with $1,400 worth of butter.

Mounties Arrest Two Vancouver Men After Supermarket Reports $1,400 Butter Caper

Federal MPs Denounce B.C. Group’s Hateful Facebook Post Targeting Harjit Singh Sajjan

Defence Minister Harjit Sajjan says he was heartened to see Conservative MPs denouncing a hateful Facebook post that targeted him.

Federal MPs Denounce B.C. Group’s Hateful Facebook Post Targeting Harjit Singh Sajjan

Two Men And A Woman Arrested In Fraudulent Credit Card Operation In Surrey

Two Men And A Woman Arrested In Fraudulent Credit Card Operation In Surrey
In October 2018 the Surrey RCMP’s Property Crime Target Team (PCTT) and Economic Crime Unit (ECU) began an investigation into mail theft and fraud associated to a residence in the 6100 block of 175A Street in Surrey.

Two Men And A Woman Arrested In Fraudulent Credit Card Operation In Surrey

Eight Students Expelled, One Suspended Over Toronto's St. Michael's College Alleged Serious Assaults

Eight Students Expelled, One Suspended Over Toronto's St. Michael's College Alleged Serious Assaults
Upon completion of its internal investigation, school administration provides information related to the second incident to police, and gives the second video (locker room) to police

Eight Students Expelled, One Suspended Over Toronto's St. Michael's College Alleged Serious Assaults

Surrey Mounties Nab Alleged Prolific Break And Enter Offender

Surrey Mounties Nab Alleged Prolific Break And Enter Offender
A prolific property crime offender with multiple outstanding warrants and conditions was arrested early yesterday morning after a break and enter at a local business.

Surrey Mounties Nab Alleged Prolific Break And Enter Offender