Federal Aid Package for Oil and Gas Sector a Beginning

The $1.7 billion aid package announced today for the oil and gas sector is a welcome start, according to the Progressive Contractors Association of Canada (PCA) which has seen many of its member company operations in the oil sands sector scaled back, shut down or delayed, resulting in thousands of layoffs.

“It’s a good day when thousands of jobs in Western Canada can be saved,” said Paul de Jong, President of the Progressive Contractors Association of Canada (PCA). “However, with a record number of energy companies folding, it will take far more to stave off a full-scale collapse.”

Prime Minister Trudeau announced $1.7 billion in funding to clean up orphaned oil wells in Alberta, Saskatchewan and British Columbia. The aid is expected to maintain as many as 5,200 jobs in Alberta alone.  

“We’re still waiting for a federal aid package that fairly reflects the value and importance of the oil and gas industry,” added de Jong. “Given that this sector accounts for more than a tenth of GDP and employs tens of thousands of workers, the government still has a long way to go in demonstrating a real commitment to its survival.”

Last week, PCA sent Trudeau a letter, urging his government to provide support to the oil and gas sector without further delay.