Alberta premier to announce new help for energy sector

Alberta Premier Jason Kenney is scheduled to unveil Friday new help for the struggling oil and gas industry in the province.

  • Watch the Alberta premier speak LIVE here at 11:10 a.m. MT. 

Energy Minister Sonya Savage and Environment Minister Jason Nixon will also be at the event, billed in a release as “an announcement about actions to support the economy and the energy sector.”

Alberta-based oil companies have been laying off staff and reducing their spending in the wake of record low crude prices.

The low prices have been caused by a surplus in production globally coinciding with a plunge in demand sparked by the coronavirus pandemic.

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