Alberta Premier Rachel Notley says the NDP is ready to go all in to help the oil industry, going as far as buying their own rail cars to transport oil to international markets.
“Jobs will be lost. inequality will be on the rise, working class people will be left behind, society will become more angry and polarized than ever.”
Notley says this could be a short-term transportation solution. She plans to buy enough carts to transport an extra 120,000 barrels of crude oil a day. This deal is expected to conclude within the next two weeks.
It would narrow the oil price gap by up to $4 per barrel, generate more than $1 million per day in new federal revenues and provide smaller producers with a more affordable option to move their oil to market.
Pipelines are full and the delay of the Trans Mountain pipeline expansion is adding to the problem.
Notley says she is disappointed Ottawa won’t help the province pay for additional rail capacity saying it will have a real effect. Alberta oil prices are at a record low which she described as “a crisis.” Notley also called out those who have have opposed the pipeline for environmental reasons saying they should “be careful what you wish for” because the alternative options of transporting by truck or rail is far more expensive and creates more pollution than a pipeline.
Notley says “If Alberta’s oil continues to be sold to Americans for next to nothing, jobs will be lost, inequality will be on the rise, working people will be left behind, society will become angry and more polarized than ever…”
Notley’s government is expecting to conclude the rail cart deal within two weeks while they continue working towards a long term solution with a pipeline.
-Louise van Dam-