Time to bail out Alberta workers, not billionaire oil company CEOs - 2020-04-16
Following media reports that the federal government was considering a multibillion-dollar bailout of the oil and gas sector, a broad coalition of faith, labour and environmental groups, representing over 1.3 million Canadians, came together in an open letter to the prime minister calling on his government to change course. While there was no direct reference to a Big Oil bailout in a COVID-19 relief package that was passed by Parliament, Finance Minister Bill Morneau has clearly signalled that a bailout is still very much in the works. No one can deny the industry is facing difficult times with the collapse of the global price for oil. However, at a time when every corner of the Canadian economy is reeling from the disruption caused by the COVID-19 pandemic, many people I know are worried about being laid off, or how they are going to make next month's rent or mortgage payment.