Oils firms in debt, out of favour

Oils firms in debt, out of favour

Oils firms in debt, out of favour With many of Canada’s oil firms carrying their highest levels of debt in a decade according to Bloomberg and oil prices declining once again, they could use some breaks. But writing in the Financial Post, a senior director of the Fraser Institute says that the Alberta NDP government may not be planning to give it any. Kenneth P. Green says that in its newly-released Climate Leadership Discussion Document the government talks of the province having “more to offer” than the energy sector while a section on the Alberta vision does not mention the oilsands at all. He says that many of the proposals in the document suggest a future that moves away from energy development.