This is a news compilation setting the record straight on the day’s top stories about the oil and gas industry.
Hack-job report by foreign-funded STAND.earth and co. uses outdated data to attack foreign investment in the oil sands.
- The report uses outdated data from 2012-2016 that showcased foreign ownership in the oil sands. More recent data shows that foreign ownership has decreased significantly.
- Foreign investment is good for the economy and a key indicator of a good business environment for companies.
Here are some stories that get it right, or mostly right.
The National Coalition of Chiefs finally received a reply from Minister of Indigenous Services Marc Miller for their letter on March 30th asking the Minister to support the oil and gas industry so that Indigenous workers can continue seeing positive benefits for them and their communities.
Although the Minister addressed some of the NCC’s questions, he did not provide a robust stance in support of the oil and gas industry.
Here is a copy of the letter:
In response to the COVID-19 pandemic, the Government of Canada’s Economic Response Plan has been implemented to provide support for individuals, including Indigenous Peoples; businesses; and industry. Millions of hardworking Canadians have been impacted by the COVID-19 pandemic and have already applied for individual support available during this difficult time.
Through the Indigenous Community Support Fund, we are providing $305 million to address immediate needs in First Nation, Inuit, and Métis Nation communities. We have also provided $100 million to support a range of federal health measures, including support for preparedness in First Nation and Inuit communities.
For businesses, we have launched a variety of programs for payment deferrals, credit access, supporting financial stability. On Saturday, April 18, 2020, our government announced $306.8 million in funding to help small and medium-sized Indigenous businesses, and to support Aboriginal Financial Institutions that offer financing to these businesses. The funding will allow for short-term, interest-free loans and non-repayable contributions through Aboriginal Financial Institutions, which offer financing and business support services to First Nations, Inuit, and Métis businesses.
On Friday, April 17, 2020, our government made an additional $1.7 billion funding announcement which includes funds for cleaning up orphan wells in Alberta, Saskatchewan, and British Columbia. Our goal is to create immediate jobs in these provinces while helping companies avoid bankruptcy, and supporting our environmental targets.
The Government of Canada is encouraged by the temporary production curtailment that was recently announced by oil-producing nations, in an attempt to bring stability and certainty to world prices. For the nearly 50 First Nations that currently receive royalties, rentals, or other monies from oil and gas activities on First Nation reserve lands, measures are being taken to ensure First Nations continue to receive these funds in a timely manner and that industry partners can continue to focus on operations.
Further, our government continues to explore additional options to support vital Canadian industries, including oil and gas, to protect well-paying middle-class jobs and to support cornerstones of our economy throughout these unprecedented times.
Again, thank you for sharing your concerns with me. I’ve asked Mr. Jamie Brown, Regional Director General, Alberta Region, to share more information with you on these issues. Mr. Brown can be contacted by telephone at (780) 495-2835, or by email at [email protected]
The Honourable Marc Miller, PC, MP
c.c.: The Right Honourable Justin Trudeau, PC, MP