Sunday , July 3 2022

Liberals to announce $ 1.6B for the beautiful energy sector of Alberta on Tuesday: report



[ad_1]

Canadian federal ministers of natural resources and diversification of international trade are slate to publish new measures that are the hardest oil and gas industry in the country in Edmonton on Tuesday.

The Canadian Press reported at the end of Monday on which a source has confirmed that the energy industry will receive $ 1.6 billion in funding.

The source told The Canadian Press that the money will be spent to provide loans, invest in training and technology, help companies invest in clean growth, and help energy companies find new markets.

Amarjeet Sohi and Jim Carr will join Randy Boissonnault, the Liberal MP of the Edmonton Center, at a news conference held at the North Alberta Institute of Technology at 9:30 a.m. local time.

READ MORE: Trudeau was eager to refurbish the energy assessment law to avoid the other Traws-Mynydd fiasco

Although the announcement is being made in Alberta, the new funding will be available to oil and gas companies throughout the country, and Canadian Press noted.

The move comes as frustration among the workers of Alberta and politicians appear closer to a boiling point over the incapacity of the province to obtain the same prices for its oil as regions that produce other oil.

On Monday, protesters were collected at Downtown Calgary for what came, at times, a heating rally to help the growing capacity of Canada's pipeline.

READ MORE: Tensions are run high in Calgary pro-pipeline rally as the council declares support for the oil industry

Watch below: A pro-pipeline rally was heated in Calgary as some showers heckled some speakers when Quebec, free trade and federal liberal government were mentioned





Mayor of Calgary Naheed Nenshi was interrupted by some in the crowd that provoked him when he mentioned climate change and when he spoke in French.

"And some of you who say:" No, I do not believe in climate change, good luck is changing hearts and thoughts, "said Nenshi. to the crowd.

On Sunday, at least 1,500 people held a pro-pipeline rally at Grande Prairie, a 62,000 city of Alberta. Speakers at the rally included Deron Bilous, Minister for Economic Development and Commerce for the NDP government of Alberta, and leader of the United Conservative Party Jason Kenney.

READ MORE: A large crowd gathers in the north of Alberta's city to a rally for oil pipelines

Watch below: (From December 16, 2018) Sunday rally organizers wanted to highlight ordinary politicians and Canadians the importance of the oil and gas sector to the whole country





Many in the crowd held signs blame Prime Minister Justin Trudeau and Liberal government policies about the problems that pressed on the Alberta oil pattern.

"People in Alberta feel they have not heard recently, and we are frustrated," said Cole Murphy, who helped organize the rally.

Although Alberta's raw prices have improved a bit of the $ 11 barrel mark, they were at the end of last month, the product still trades only about half of what Texas oil producers accept – between $ 26 and $ 28.

The oil price gap costs around $ 80 million a day in the Canadian economy, according to Alberta and the federal government.

The Energy Minister of Alberta, Marg McCuaig-Boyd, said Monday that she is not surprised that Albertans are not growing upset about a lack of progress on the pipeline issue.

"We have an industry that is so important and it's a bit damaging when people do not appreciate it," he said.

Frustrated by the uncertainties facing the Trans Mountain pipeline expansion project, which would triple the amount of oil the pipe comes from Alberta to the West West, Premier Rachel Notley came back from the federal Liberal climate plan this summer, saying he would not consider recommending him "until the federal government was implemented with each other."

READ MORE: Notley draws Alberta out of the federal climate plan after the latest phase of the Trans Mountain pipeline

Watch below: (From August 2018) Premier Premier Rachel Notley said she was angry over the decision of the Federal Appeal Court to break the stretch of the Trans Mountain pipeline. So "the federal government is being implemented with each other," Alberta draws out of the federal climate plan





Since then, Notley has temporarily collapsed over 8.7 percent of its province's oil production to deal with an oil glut due to inability to move all to punctually.

Kenney, who is the leader of the Opposition in Alberta, said last month that he also believed that the production needed to break the oil glut. But in his mind, the problem came to differentiate the price of oil from what is known as poor government policies.

"The resource they are developing is for everyone Albertans, who have the right to expect that producers will not act in a way that makes Alberta poorer," said Kenney last month . "I therefore believe that the government of Alberta should keep the door open to the use of statutory equipment to manage production in the short term."

Notley has also announced the desire to build new refineries or expand existing ones.

In the short term, his government plans to buy rail cars to move oil until the long-term solution sought – increasing the capacity of a hose – becomes a reality.

Earlier this month, the federal government said he was ready to consider buying tankers to help Alberta move oil on the railways but will not commit to doing so again.

In a recent interview with Global TV And West Block, Conservative Party leader Andrew Scheer said he believed rail cars will not solve the problem.

READ MORE: Railways for oil transport do not solve the problem & # 39; for Alberta: Scheer

Watch below: Conservative leader Andrew Scheer would not commit to funding or money for the oil sector for rail cars, saying that pipeline is the best way to get oil from Canada to market





"I understand where the government of Alberta is coming," he said. "The situation in Alberta is very fine, so it's natural that you have a provincial government that literally looks at any solution that could improve the problem in terms of ability. But not a solution it's long term. "

Notley has said that the price of oil prices has increased by the fact that Canada's oil exports mainly go to one market only: the United States.

Recently, Sohi asked the National Energy Board to review Canada's existing pipeline capacity to ensure it is being used as efficiently as possible and to explore if there are any short-term measures that could increase the capacity of rail to move more oil .

The NEB has said that she will give a full report to Sohi in February.

– With Canadian Press files

© 2018 Global News, section of Corus Entertainment Inc.

[ad_2]
Source link