Friday, March 29, 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

Vancouver Police Investigate Stranger Sex Assault

Vancouver Police are asking for witnesses and dash-cam footage after a teenaged girl was pulled into a wooded area and sexually assaulted on Tuesday in East Vancouver.

Vancouver Police Investigate Stranger Sex Assault

Vancouver Police Remind Public That Thieves Will Steal Anything

Vancouver Police arrested a known property crime offender in downtown Vancouver on Thursday after they observed him smash the window of a parked car and steal bags that were visible inside.

Vancouver Police Remind Public That Thieves Will Steal Anything

Surrey Gang Enforcement Team Arrest Violent Offender After Traffic Stop

Surrey Gang Enforcement Team Arrest Violent Offender After Traffic Stop
Surrey Gang Enforcement Unit (SGET) arrested a known offender with Lower Mainland Gang associations Tuesday evening after he fled from a police traffic stop. The 24-year-old man, who has a history of violence, was located and apprehended in the Newton area of Surrey.

Surrey Gang Enforcement Team Arrest Violent Offender After Traffic Stop

Stricter Rules In B.C. Mean Parental Consent Required For Minors On Party Buses

VICTORIA — New safety measures in British Columbia to protect minors on party buses mean parents or guardians will be required to sign consent forms.

Stricter Rules In B.C. Mean Parental Consent Required For Minors On Party Buses

Surrey RCMP Seize Six Handguns, Suspected Cocaine In Bust

Surrey RCMP Seize Six Handguns, Suspected Cocaine In Bust
Surrey RCMP has arrested a man and made a significant seizure of handguns and suspected illicit drugs as part of an investigation into an incident of uttering threats.

Surrey RCMP Seize Six Handguns, Suspected Cocaine In Bust

IHIT Now Claims Surrey Bhangra Promoter Raj Sangha Was ‘Associated To Drug Activity’

Homicide Team⁩'s Cpl Frank Jang says the victim of Surrey's latest shooting Rajeev Sangha aka Raj Sangha was associated with drug activity. The information was provided from policing partners from outside B.C.

IHIT Now Claims Surrey Bhangra Promoter Raj Sangha Was ‘Associated To Drug Activity’