Big oil bailout makes no economic sense
A Big Oil bailout doesn’t make economic sense. The price of oil right now is far too low for any new oil and gas development to make sense. A handout now will not save this industry, or protect workers. We need urgent investment in transitioning to a renewable energy economy.
In the wake of the COVID-19 crisis, any further spending on Trans Mountain is a waste of our money. To finish construction, Trans Mountain needs another $10 billion taxpayer dollars. At a time when everyday Canadians are struggling to pay rent and buy groceries, and essential services like education and public transport are severely underfunded — our government should be allocating its resources to saving lives, not pipelines.
Let’s build the sustainable economy we all want. Ultimately, any stimulus package or government bailout to re-build our economy in the wake of this crisis should not prop up an oil sector that is in decline. Instead, it should support a just and equitable plan that creates good, long-lasting jobs without hurting the environment or risking our future.
Sarein Basi-Primeau
Duncan
