Two Liberal Ministers, Natural Resources Minister Amarjeet Sohi and International Trade Diversification Minister Jim Carr, took to the podium in Edmonton to announce their solution to the crisis they caused in Canada's oil patch.
It’s not a pipeline. It’s welfare.
The feds are dishing out what they’re calling a $1.6 billion “investment” in supporting Alberta's oil patch:
Export Development Canada will provide $1 billion in commercial financing to oil and gas exporters.
The Business Development Bank of Canada will provide $500 million in commercial financing over the next three years to help high risk but viable small oil and gas companies.
Lastly, the feds are dishing out $50 million for clean growth programs.
Today, I’ll put this $1.6 billion announcement into perspective.
It’s a pittance, a drop in the bucket compared to the private sector investment the Liberals chased away with their regulatory gerrymandering against pipelines.
We don't want to become Bombardier, The Province!
We don't want cronyism for big corporations using money pulled from the pockets of the very families who are losing their jobs due to Liberal inaction.
Albertans don't want welfare. We want jobs and we want the federal government to get out of the way of what we do best: Build pipelines and make oil.