A bailout for the oil and gas industry? Here's why experts say it's not a long-term solution - 2020-03-24
Canada's efforts to support the oil and gas industry through a major stimulus package might overlook the real challenges plaguing the industry — and miss out on meaningful opportunities to support workers now and well into the future
As the world weathers an economic crisis being likened to the leadup to the Great Depression, Canada's federal government is reportedly preparing a $15 billion bailout package for the oil and gas industry — which is raising questions about the best ways to support workers, while incentivizing environmental innovation.
Oil prices have tumbled alongside global markets, with the price of Western Canadian Select — the benchmark commonly used to measure the value of crude from Alberta's oilsands — falling to just above US$5 per barrel last week.