TOO LITTLE, TOO LATE

Prime Minister Justin Trudeau said Ottawa would spend $1.7 billion to clean up abandoned oil and gas wells in oil-producing provinces as part of an effort cushion firms against the economic fallout from COVID-19. 

But several oil executives said the program falls woefully short of needs and expectations.

“This is not going to do anything,” said Grant Fagerheim, chief executive of Calgary-based Whitecap Resources. “If this is as good as it gets, it will do very little or nothing to assist with operations for companies.”