Here's what Ottawa spent to help the energy sector survive COVID-19 — and here's where it went
When the oilpatch was sideswiped by a pandemic and an international oil price war, a warning went out that the industry had been pushed onto "life support" as crude prices and company share values both plummeted.
Ottawa pledged to help, ultimately rolling out a variety of funding programs economy-wide — and some specifically for the oilpatch — in an attempt to get dollars flowing to the struggling sector and limit the damage.
Original Article Source Credits: CBC News , https://www.cbc.ca/
Article Written By: Kyle Bakx
Original Article Posted on: Dec 08, 2020
Link to Original Article: https://www.cbc.ca/news/business/bakx-feds-oilpatch-pandemic-1.5829095