The Petroleum Services Association of Canada (PSAC) has announced that the federal government will provide a one-time payment of CAD $30 million to the Government of Alberta to support provincial actions that will stimulate economic activity and employment in Alberta’s resource sector.
PSAC has been advocating for loans to decommission orphan wells, pipelines and facilities to get workers in this sector back to work following tens of thousands of layoffs, while improving environmental outcomes, reducing carbon emissions and strengthening Canada’s reputation as responsible stewards of the environment.