‘Alberta firms in dire state need aid soon’

Bloomberg

Alberta Energy Minister Sonya Savage said the Canadian government needs to release its aid package for the country’s energy industry soon as companies struggle with the Covid-19 pandemic and oil-price crisis.
The package may include liquidity for companies and measures to help speed up the cleanup of old wells, Savage saidduring an online presentation. Bill Morneau, the federal finance minister, said March 25 that aid for the industry could be coming within hours or days.
The measures have taken “too long,” but the delay in the package’s unveiling doesn’t “mean it isn’t coming, it just means it’s complicated,” Savage said.
“It needs to come and it needs to come soon,” she said. “These companies are struggling, they are in a very, very dire condition.” Savage said her department still is working with the federal government on the package.