Alberta premier says frustrating coronavirus stifling oil and gas economy
Alberta Premier Jason Kenney says it’s difficult to watch global oil prices fall due to reduced demand tied to the novel coronavirus outbreak at the same time his government refocuses its efforts on job creation.
Kenney promised voters in last spring’s election that his United Conservative government would bring back jobs. But since last June, 50,000 full-time jobs have been lost and unemployment is about seven per cent.
Kenney’s government has promised a recommitment to job creation, and on Monday, Kenney and Energy Minister Sonya Savage announced a $100-million loan to the Orphan Well Association to clean up more abandoned sites. They say it will create a projected 500 direct and spin-off jobs.
“Our government recognizes the pressing need to turn the tide on growing oil and gas liabilities,” said Savage.
“That’s why in the coming weeks, I’ll be announcing a suite of policies which will address the entire life cycle of wells, from licensing to operations to production to abandonment (and) reclamations to closure and legacy sites.”
The premier has promised to eradicate Alberta’s $6.8-billion deficit by 2023, in part by keeping spending costs in line. The Opposition NDP says the province is compromising front-line services by cutting staff in health, education and elsewhere.
Also Monday, the Northern Alberta Institute of Technology announced it is offering voluntary buyout deals for up to 240 staff, or about nine per cent of its workforce. Last week, the Southern Alberta Institute of Technology announced 230 positions will be eliminated, some by not filling existing vacancies.
NDP Advanced Education critic David Eggen said the cuts put the lie to Kenney’s promise to grow the economy through an educated workforce.
“I fear what shape our institutions will be left in once Jason Kenney is through,” Eggen said in a news release.
Source: Read Full Article