Federal Liberals prepare Alberta aid package in case Teck oilsands mine is rejected CDNpoli
OTTAWA — The Liberals are preparing an aid package for Alberta in hopes of appeasing the province if the $20-billion proposed Frontier oilsands mine is rejected, say sources familiar with the matter.
Options being considered in the provincial aid package, to be featured in the upcoming budget, include a cash injection to help clean up thousands of inactive oil and gas wells abandoned by bankrupt companies, five sources with knowledge of the situation told Reuters. Calgary Mayor Naheed Nenshi on Thursday urged the Liberal cabinet to approve the mine and cautioned against an instinctual bias toward Eastern interests that would overlook the project’s benefits.
Prime Minister Justin Trudeau has said his cabinet will deliver its final decision on Frontier by end of month. The verdict on the massive open-pit mine, proposed by Vancouver-based Teck Resources, will be viewed by some in the context of Trudeau’s ongoing promise to support economic activity while also meeting his highly ambitious climate targets.“So should it proceed as it stands? I think it’s a pretty easy no,” Toronto MP Nathaniel Erskine-Smith told HuffPost Canada.
“I think it’s critically important that the regulatory process be allowed to play out, and that each individual project, whether it’s Teck or whether it’s others, be assessed on their merits,” he said. Environment Minister Jonathan Wilkinson has been neutral on the Teck decision, but has been adamant that Alberta or private sector oil companies will need to work toward narrowing their emissions profiles.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Teck joins the push toward net-zero emissions, but it’s unclear how it will get therePledge comes as it proposes an oilsands project that, if approved, would add an estimated four million tonnes of carbon per year to the atmosphere
Read more »
HuffPost is now a part of Verizon Media
Read more »
Former Liberal MP Peschisolido 'chronically' broke code of conduct: commissionerThe federal ethics watchdog says former Liberal MP Joe Peschisolido repeatedly broke the code of conduct for members of Parliament.
Read more »
Teck joins the push toward net-zero emissions, but it’s unclear how it will get therePledge comes as it proposes an oilsands project that, if approved, would add an estimated four million tonnes of carbon per year to the atmosphere
Read more »
Suncor Energy posts $2.3B loss as it writes down oilsands and offshore assetsSuncor Energy Inc. is reporting a net loss of $2.3 billion for the fourth quarter of 2019 due mainly to asset impairment charges of $3.3 billion.
Read more »
The struggling East Coast needs help. Here’s what Ottawa should doJackson Doughart: Alberta and Saskatchewan aren’t the only provinces that need re-engagement from Laurentian Canada
Read more »