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Results: 1 - 15 of 382
View Glen Motz Profile
CPC (AB)
Mr. Speaker, three weeks ago, the finance minister said that help was coming for the energy sector within hours, and then nothing; crickets. Finally, the government announced something for orphan wells; however, it is woefully inadequate for an energy sector and economy already decimated by the Liberal government.
What will the Prime Minister's plan be when 7% of our GDP, hundreds of thousands of jobs and hundreds of billions of dollars in federal and provincial tax revenues are permanently lost because of his continued indifference and hostility towards Canada's energy sector?
View Chrystia Freeland Profile
Lib. (ON)
Mr. Speaker, our government is far from indifferent to Canada's oil and gas sector. We know how essential the energy sector is to our country and how the energy sector is the source of hundreds of thousands of well-paying, middle-class jobs.
That is why last week our government announced unprecedented support for workers in the energy sector in the form of support for orphan wells. This work is long overdue, and let me point out to the member opposite that it was welcomed by the Premier of Alberta.
View Tom Kmiec Profile
CPC (AB)
View Tom Kmiec Profile
2020-04-20 17:09 [p.2212]
Madam Chair, the government announced for the energy sector $1.72 billion for orphan well remediation, an emissions reduction fund and a business credit availability program. The first idea actually comes from Bill C-221, which is the MP for Lakeland's bill. A Conservative MP suggested it. The problem is the PBO's costing for that original private member's bill was $30 billion upwards of private sector investment. Seeing that WTI is trading today as low as minus $40.32, when can Albertans expect the rest of the energy subsidy help?
View Chrystia Freeland Profile
Lib. (ON)
Madam Chair, the long-awaited announcement of $1.7 billion for an active well cleanup and $750 million for methane reduction are very positive steps for the energy sector for Alberta, Saskatchewan and B.C. They do not need to take my word for it. I am going to quote Premier Jason Kenney, who said, “Thank you to the Prime Minister...for announcing $1.7 billion to accelerate cleanup of orphaned and abandoned wells in Canada's energy sector. This is critical to getting thousands of people in the energy sector back to work immediately.”
The premier is right, and we are glad to be contributing to that.
View Tom Kmiec Profile
CPC (AB)
View Tom Kmiec Profile
2020-04-20 17:10 [p.2212]
Madam Chair, I will finish the quote. The premier also said that was a good first step. To paraphrase, Sonya Savage, Alberta's energy minister, said on CTV News, “I'd like to see the rest of the package now, please, as well.”
As I said, WTI is trading at minus $40.32. That was the bottom. This will reset tomorrow, which means the May futures prices will be around $20 starting tomorrow.
One of the things the energy sector and workers are expecting and have heard from the Prime Minister and his ministers is on the liquidity program provided through the BDC. It is aimed at small and medium-sized businesses, but the BDC does not list criteria size on its website or anywhere else.
What are the parameters to ensure that outcome that small and medium-sized oil and gas companies can access the help that they need?
View Mary Ng Profile
Lib. (ON)
View Mary Ng Profile
2020-04-20 17:11 [p.2213]
Madam Chair, the BCAP that we have put forth provides government guarantees to Canada's financial institutions, banks and credit unions, and are absolutely available to Canadian small and medium-sized businesses of all sectors. These are not only the $40,000 interest-free loans that are available, but indeed loans that go up to $12.5 million are available to Canada's small and medium-sized businesses, including those in the oil and gas sector.
View Tom Kmiec Profile
CPC (AB)
View Tom Kmiec Profile
2020-04-20 17:12 [p.2213]
Madam Chair, with all due respect to the minister, she did not quite answer my question. I was asking the criteria for size. The American payroll wage subsidy program lists a small business as 500 employees or less. Everything is bigger in America it seems.
Again, for these BDC loans for small and medium-sized businesses that small and medium oil and gas companies want to access, what is the criteria for size? Is it wages? Is it revenue? Is it an FTE count? I would like to know the number, please.
View Mary Ng Profile
Lib. (ON)
View Mary Ng Profile
2020-04-20 17:12 [p.2213]
Madam Chair, of course, for the small business loan of $40,000, as members already know, it is a payroll size of $20,000 to $1.5 million. That is the eligibility criteria for that category of loans. For other loans that are available, they are up to $12.5 million, and one can go to the financial institution and get access to that funding.
View Andrew Scheer Profile
CPC (SK)
Mr. Chair, on March 25, the finance minister told the Senate that help for the energy sector was coming within hours or days, not weeks. It has now been two and a half weeks since that date, with no announcement. Reports are circulating that a proposal did in fact go to cabinet but that it was rejected.
Is it the Prime Minister's position that there will, in fact, be no help for Canada's energy sector and the tens of thousands of Canadians it employs?
View Justin Trudeau Profile
Lib. (QC)
View Justin Trudeau Profile
2020-04-11 13:35 [p.2114]
Mr. Chair, we recognize the triple challenge faced by workers in the energy sector right now, which has been extraordinarily difficult for people in Alberta, Saskatchewan, and Newfoundland and Labrador. The low oil prices have long been a challenge. On top of that, the COVID crisis in economic terms has led to a lowering of demand for oil, as people do not travel nearly as much as normally, and at the same time, the health crisis has led people into isolation and remaining home. Families across the country are suffering from this, particularly those in Alberta in the oil sector.
That is why we moved quickly on two measures to help as many people as we could across the country: the Canada emergency response benefit and the wage subsidy at 75%. There will be more coming for the oil sector as we develop sectoral solutions.
View Yves-François Blanchet Profile
BQ (QC)
Mr. Chair, on another note, some may be surprised to hear that I believe the Canadian government must play a part in restoring the oil sector jobs in Alberta and western Canada to what they once were. I do not think we should ask these people to sacrifice their entire economic model.
I do, however, think that any future projects or expansions in the energy sector should involve transitioning the financial resources that would have been allocated to these projects—Trans Mountain in particular—to renewable energy, especially in western Canada, which will have unique needs.
In the current context, can we restore the status quo ante for oil workers but refocus our efforts on renewable energy?
View Justin Trudeau Profile
Lib. (QC)
View Justin Trudeau Profile
2020-04-11 13:43 [p.2115]
Mr. Chair, I thank the hon. member for his perspective, which is important, as I well know.
We must support the workers and families that are struggling in all sectors across the country, including the oil and gas sector. We also recognize that we are committed to climate action and that we must find ways to create good jobs for these people in Alberta and elsewhere that will last for years and for generations to come.
That is why we continue to discuss this issue with the Government of Alberta and with experts around the world to ensure that Canada and Alberta are part of this transition to a better future for everyone.
View Rosemarie Falk Profile
CPC (SK)
Mr. Speaker, Teck Frontier's application withdrawal was yet another devastating blow to western Canadians. That decision was a direct result of the Prime Minister's anti-energy death-by-delay tactics.
Canadians know that Liberals killed Teck. Recent revelations that senior cabinet ministers were actively campaigning for its rejection prove that. Among the most vocal was the Minister of Agriculture.
How can the Minister of Agriculture expect to have any credibility with farmers in western Canada when she attacks our region?
View Jonathan Wilkinson Profile
Lib. (BC)
Mr. Speaker, our government is committed to growing our economy while also protecting the environment. We remain focused on ensuring that good projects can move forward.
Albertans certainly are facing real economic challenges. We work together to ensure that there are better economic opportunities for all. As Premier Kenney himself said the other day, we are seeing declining demand at the same as increasing supply. It is a very significant challenge that we need to work on together, and we certainly intend to work with the Government of Alberta going forward.
View Gérard Deltell Profile
CPC (QC)
View Gérard Deltell Profile
2020-03-12 14:42 [p.2018]
Mr. Speaker, I have bad news for the government: that is not really how things went down. The Globe and Mail reported this morning that senior ministers with economic portfolios did everything they could to block the very important Teck Frontier project. We knew that was happening, and The Globe and Mail identified the culprits, who included the Minister of Agriculture and Agri-Food.
How can the Minister of Agriculture and Agri-Food say that she is standing up for farmers in the west and across Canada, while staunchly opposing a project that is good for the west's economy and Canada's economy? I hope that the Minister of Agriculture will answer this time.
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