Elizabeth May: We absolutely must invest in Alberta. Public funds must assist in the diversification of the Alberta economy. We need to be prepared to support the workers and communities that are impacted. Yet the reports that have been released in the last week alone make a compelling case that no federal bailout funds should go to trying to keep the existing oilsands sector afloat. One from the International Energy Agency noted that all fossil fuels were facing unprecedented drops in demand.
Oil’s not yet dead, but it’s on life support. It’s time to move it to palliative care. The federal government should invest in Alberta, for sure. But it should place its bet where it is more likely to pay off for workers, communities and investors.
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