Close X
Sunday, November 24, 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

Tony Clement Admits To Multiple Acts Of Infidelity As Long Ago As Last Summer

When Clement told Conservative Party Leader Andrew Scheer last week that he had shared explicit images of himself online in October and was being extorted to prevent the images from being released publicly, he insisted it was an isolated incident.

Tony Clement Admits To Multiple Acts Of Infidelity As Long Ago As Last Summer

MPs Need To Consult Women, Social Media Companies About Online Behaviour: Nathan Cullen

MPs Need To Consult Women, Social Media Companies About Online Behaviour: Nathan Cullen
OTTAWA — Women and social-media companies should be brought into a critical discussion about how parliamentarians conduct themselves online, says veteran NDP MP Nathan Cullen.

MPs Need To Consult Women, Social Media Companies About Online Behaviour: Nathan Cullen

Poll Suggests Younger Canadians Interested In Attending Remembrance Day Events

Poll Suggests Younger Canadians Interested In Attending Remembrance Day Events
TORONTO — A new survey suggests Canadians of all generations are more likely to honour military veterans by attending a Remembrance Day ceremony this year.

Poll Suggests Younger Canadians Interested In Attending Remembrance Day Events

Retired Hab Steve Begin Graduates High School 22 Years After Dropping Out

MONTREAL — Former NHL left-winger Steve Begin made nearly $7 million during his career and started an engineering company after retiring from the game, but he always felt he was missing something.

Retired Hab Steve Begin Graduates High School 22 Years After Dropping Out

Jet Buffeted By Winds Before Overshooting Halifax Runway: Investigator

HALIFAX — The Boeing 747 cargo jet that overshot a Halifax runway this week had touched down in rainy conditions while being buffeted by a crosswind with a potential tailwind, the Transportation Safety Board of Canada said Thursday.

Jet Buffeted By Winds Before Overshooting Halifax Runway: Investigator

Community Where No One Wanted To Be Mayor Gets A Mayor, But Only Reluctantly

Community Where No One Wanted To Be Mayor Gets A Mayor, But Only Reluctantly
There were no mayoral candidates in Monday's province-wide municipal elections, so the provincial government simply appointed the outgoing mayor, Alcide Bernard, to a four-year term.

Community Where No One Wanted To Be Mayor Gets A Mayor, But Only Reluctantly