Experts weigh in on the federal investment into Alberta oil and gas

first_imgCALGARY (660 NEWS) – The federal government’s move to put a $1.6-billion action plan in place for the Alberta oil and gas industry has drawn the ire of a few critics, yet other experts believe the move will yield positive results. The energy sector doesn’t need handouts to help to “explore new markets”.It knows where the markets are. It has the product. It can’t get the product TO THE MARKETS.The Trudeau government’s solution? Here’s some corporate welfare for green energy!#facepalm https://t.co/j7qesnmIB1— Aaron Wudrick (@awudrick) December 18, 2018 Take Our Poll Albertans have been clear.I have been clear. We need to get our resources to market.And we need Ottawa to take the handcuffs off.Ottawa’s announcement today is a step, but there must be many, many more steps.#KeepCanadaWorking #FightingForYou pic.twitter.com/9rl7paAoNh— Rachel Notley (@RachelNotley) December 18, 2018“Even if Justin Trudeau had announced that he was going to buy locomotives and tanker cars, I am not sure that would have satisfied people. The problem is big and the solutions are much longer term,” said Political Scientist at Mount Royal University Lori Williams.She added the federal government has waited for so long to make this move that anti-Trudeau sentiments began to fester. “They waited quite a long time for something that probably could have been put in place earlier. They could have forestalled this growing momentum of anti-federalist sentiment had they been a bit more decisive earlier on.”But Williams does predict at least some benefits. “I think it will probably move things in a positive rather than a negative direction.” Williams argues the federal government is acting like a bank, offering investment with the expectation of return.READ MORE: Ottawa confirms over $1.6-billion to help the struggling oil and gas sector She looks at some of the moves already being made to help the price of oil, such as the Alberta government’s curtailment of production as a sign that this type of action could work.“There’s absolutely no question that it can have significant impacts, certainly in the short-run. A lot of the solutions that both the federal and provincial governments are looking at are a bit longer term.” Williams believes we won’t know the full effects of this move for a few months. — With files from CityNews What do you think of the Trudeau government’s $1.6-billion support package for oil and gas companies?It’s greatIt could have been betterIt’s terrible and won’t helpVoteView Resultslast_img

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