Put oil 'crisis' on first ministers agenda: Alberta, Saskatchewan premiers | iNFOnews | Thompson-Okanagan's News Source
Subscribe

Would you like to subscribe to our newsletter?

Current Conditions Mostly Cloudy  22.4°C

Kamloops News

Put oil 'crisis' on first ministers agenda: Alberta, Saskatchewan premiers

Alberta Premier Rachel Notley speaks to cabinet members about an 8.7 percent oil production cut to help deal with low prices, in Edmonton on Monday December 3, 2018.
Image Credit: THE CANADIAN PRESS/Jason Franson

Alberta and Saskatchewan want issues facing the oilpatch to be on the agenda when premiers meet with the prime minister later this week.

Alberta Premier Rachel Notley and Saskatchewan Premier Scott Moe made the request in an open letter to Justin Trudeau released Tuesday.

Notley called it a meeting of the minds for two premiers who want action on the oil file.

"I had spoken last week in Ottawa about the fact that I'd be asking to have the agenda amended," Notley said at the Alberta legislature Tuesday.

"Then it was (Moe's) office that reached out and asked about doing the letter together."

The letter says the meeting's current agenda does not include any discussion of a crisis facing the energy industry. Alberta's oil is currently fetching bargain basement prices thanks to a growing glut and lack of pipeline capacity to get oil to market.

The premiers said the problem is costing Canada $80 million a day and the agenda should reflect that.

"During your recent visit to Calgary, you called the economic impact of the oil price differential a 'crisis.' We agree," wrote Notley and Moe.

"A crisis of this magnitude must be reflected in any discussion on 'economic competitiveness.' We trust that the agenda for our upcoming first ministers meeting can be revised to better reflect the need for a substantive discussion on issues of critical importance to the Canadian economy."

A statement from the Prime Minister's Office said those issues will be discussed under agenda items like job creation, trade diversification and competitiveness.

"The first ministers meeting will be an important opportunity for the prime minister and premiers to discuss how we can create jobs and economic growth that benefit everyone across the country in all sectors," the statement said.

"In particular, the conversations will focus on trade diversification, competitiveness, and how climate change and clean energy initiatives drive growth and job creation."

While the rest of the world sells its oil at about $50 per barrel, Notley has said Alberta fetches only $10.

Notley has ordered a mandatory cut to oil production which amounts to 8.7 per cent of output to reduce the glut of oil forcing the steep discounts. The cuts are scheduled to end on Dec. 31, 2019.

Alberta is also planning on buying as many as 80 locomotives and 7,000 rail tankers — expected to cost hundreds of millions of dollars — to move the province's excess oil to markets and address the pipeline bottleneck.

The Trans Mountain expansion project, which would triple capacity to the B.C. coast, is now in legal limbo despite being approved two years ago as Ottawa revisits the impacts on First Nations and B.C.'s marine environment.

The premiers are scheduled to meet with Trudeau in Montreal on Friday.

News from © The Canadian Press, 2018
The Canadian Press

  • Popular kamloops News
  • How to track Santa on his route to Canada
    Santa is checking his map and checking it twice as he makes his way to bring gifts to all of the girls and boys in the Thompson-Okanagan. The North American Aerospace Defense Command officia
  • The map of the best holiday lights in Kamloops 2022
    It’s winter but never truly dark in Kamloops thanks to all the Christmas lights and holiday displays to brighten the city. It’s a fun way to anticipate Christmas and other year-e
  • MAP: Where to see the best Christmas lights in Kamloops
    KAMLOOPS - Nothing quite says Christmas like thousands of little twinkling lights, and every year our neighbours race to beat the inevitable cold snap to get their displays up and ready for the fi
  • Best Kamloops sledding hills and outdoor skating rinks
    Now that snow has finally hit the ground around Kamloops, it’s time to dig out those snow pants and start zipping down some of the slopes across the city. We have compiled a map of som
  • TRENDING NOW: Frog takes a ride on a goldfish
    %%nodefaultimage%% You don't see this every day. Yep, that's a frog riding a goldfish in someone's pond. Sure beats swimming, I guess. Posts from the funnyanim
View Site in: Desktop | Mobile