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

Steve Randall
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.
 

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