Question Period Note: Oil Price Differential

• Canada’s energy sector, including Alberta’s oil and gas industry, has been a source of well-paying middle class jobs for Canadians from coast-to-coast-to-coast. The Government of Canada always has and always will stand with the energy sector and the hard working Canadians it employs.
• We feel and share the frustration of many in Western Canada because of the lack of market access for our oil and gas. Workers in our energy sector have faced real challenges and felt real anxieties.
• That is why we announced $1.6 billion to support workers and boost competitiveness as we do the hard work necessary to build pipeline capacity and get our resources to new markets.
• To support these efforts, our government approved the Line 3 replacement project, the Trans Mountain Expansion project, and has always supported Keystone XL.
• Our government will do the hard work necessary to build pipeline capacity and get our resources to markets, ensuring this sector continues to be a source of good middle-class jobs for Canadians.

Canadian crude oil prices have largely recovered after reaching their lowest level in years in late 2018, resulting in lost revenues to producers and governments.

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