MP Weir Asks Ottawa to Support AB & SK if We Cut Oil Output
November 19th, 2018
In today’s Question Period, Regina–Lewvan MP Erin Weir asked the federal government to support Alberta and Saskatchewan if either or both coordinate a temporary cut in oil production to alleviate the supply glut:
With a lack of pipeline capacity, the price of western Canadian heavy oil has fallen to a record low, undercutting employment and public revenues.
The Alberta government and industry are considering temporarily curtailing output to improve prices, but are concerned about federal competition rules.
Can the government assure Alberta and Saskatchewan that the federal Competition Bureau will not interfere if they coordinate a production cut?