Opposition leader wants energy companies to reduce oil production to help the price gap
A bleak fiscal report for the provinces oil industry has one political leader calling for changes.
Opposition leader Jason Kenney is proposing all oil companies decide collectively to hold off on oil production in the short term to help with the major oil price gap which is estimated to be costing Canada's economy $80 million a day.
According to Kenney for this to be effective oil companies in Alberta would need a total reduction of about 250,000 barrels of oil per day.
Kenney added the resources those companies are developing belong to Albertans who have the right to expect producers will not act in a way that makes the province poorer.
Yesterday a University of Calgary Public Policy Report projected the province could see deficits of nearly $40 billion by 2040. (JSL/THE ONE NEWS)