But the Cenovus-Husky deal is driven by another damaging factor: the deliberate stranding and sabotage of Canada’s most valuable commodity by the Liberal government. The oil industry has not received the pandemic stimulus that was afforded to others, and now we see another example of this full-blown, nation-busting mentality.
Cenovus will close Husky’s head office in Calgary, costing many jobs, and has also said that construction of the offshore White Rose project in Newfoundland will not resume in 2021, as originally planned. Without an infusion of tax money, White Rose, which supports an estimated 2,000 direct and indirect jobs, is a goner and another disastrous blow to Newfoundland on top of its hydroelectric fiasco.
But don’t cry for Argentia (the centre of White Rose’s project), because the federal minister of natural resources is Seamus O’Regan, a pal of Prime Minister Justin Trudeau’s. They’re so close that O’Regan accompanied Trudeau on the notorious Aga Khan holiday freebie a few years ago.
So my guess is that Trudeau will throw copious amounts of tax dollars into the questionable Newfoundland oil project to prop up his pal and Liberal cronies with contracts there, while continuing to spite the West’s struggling oil industry because they are Tories.
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