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View Bill Morneau Profile
Lib. (ON)
View Bill Morneau Profile
2020-03-25 4:01 [p.2074]
Madam Chair, the member opposite points out an enormous challenge that we are facing in Alberta.
I would say that there are three things facing Alberta at the same time, particularly for the energy sector. We have a situation where we have the lowest prices that we have seen in a long time because of the OPEC challenges that are going on, we have equity markets around the world that are in turmoil, and on top of that, obviously, we have COVID-19. This is a real challenge.
We are working right now to think about how we can ensure that the oil and gas sector, the energy sector, has adequate access to financing so that it can bridge through this period. Of course, the measure we are putting in place will allow every worker who is off work as a result of this situation to get the benefit so they can face up to supporting their families in a challenging time.
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