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Old 02-05-2009, 01:39 PM   #1
tvp2003
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Default Alberta bailout for junior and mid-sized energy companies?

http://www.calgaryherald.com/Stelmac...289/story.html

Quote:
The Alberta government will offer short-term financial help to junior and mid-sized energy companies to help them get through the economic downturn.

Details on the bailout weren't released in today's speech by Premier Ed Stelmach to the Calgary Chamber of Commerce lunch. Stelmach said the energy minister will consult with industry before further information is released.
Considering the source, I'm not sure if this quote passes the smell test IMO:
Quote:
The province will draw on its emergency savings to fund programs and services to support "the most vulnerable." It will also continue to keep building infrastructure, while keeping a "close eye on spending."
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