City
Epaper

Trudeau announces new financial measures to help energy sector

By IANS | Published: April 18, 2020 8:59 AM

Canadian Prime Minister Justin Trudeau announced new financial measures to help the energy sector hit hard by the COVID-19 pandemic.

Open in App

Ottawa, April 18 Canadian Prime Minister Justin Trudeau announced new financial measures to help the energy sector hit hard by the COVID-19 pandemic.

"Over the past few weeks, the pandemic has created anxiety and uncertainty for all Canad, but some are going through an especially tough time. COVID-19 has brought many industries to a halt, and workers across the country are struggling as a result," Trudeau said at a press conference here on Friday.

Trudeau said that dropping oil prices and the economic impact of combating COVID-19 have devastated the country's energy sector and left too many workers on the jobless lines, reports Xinhua news agency.

"To help these workers, our government will invest C$1.7 billion ($1.2 billion) to clean up orphaned and inactive wells in Alberta, Saskatchewan and British Columbia," he said.

"Cleaning them up will bring people back to work and help many landowners who have had these wells on their property for years but haven't been able to get them taken care of and the land restored."

He said his government will also provide C$750 million as emission-reduction fund to help energy companies reduce methane gas emissions.

As of Friday afternoon, there were 31,642 COVID-19 cases and 1,310 deaths across the country, according to CTV.

 

( With inputs from IANS )

Tags: XinhuaJustin TrudeauCTVGregoire trudeau
Open in App

Related Stories

InternationalCanada Sees 86% Drop in Study Permits for Indians Amid Diplomatic Tensions

OpinionsLest Canada become Pakistan

InternationalIndia a country of growing importance, not trying to provoke says, Justin Trudeau

InternationalJustin Trudeau refuses to comment after Indian media confronts him over terrorist Nijjar’s death

InternationalIndia suspends visa services for Canadians amid ongoing political tensions

Politics Realted Stories

PoliticsWest Bengal Assembly By-Elections 2024: TMC Releases List of Candidates for July 10 By-Polls

MaharashtraMaharashtra Assembly Election 2024: Taking Control of State Is My Endeavour; NCP (SP) Must Win Assembly Polls for That, Says Sharad Pawar

PoliticsCID Summons Former CM BS Yediyurappa To Appear for Questioning in Pocso Case

Politics'Will Prime Minister Visit Manipur Now?' Uddhav Thackeray Questions After RSS Chief's Statement

NationalOdisha: BJP Government Oath-Taking Ceremony Rescheduled to June 12 Due to PM Modi's Busy Schedule