Quote:
Originally Posted by TorqueDog
No, because that would be stupid. In order to maximize the resource, yes, there will need to be some investment of public funds. I'm in favour of trying to strike the right balance between the amount of investment for maximum benefit from said investment. Zero new public dollars is the wrong answer.
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Based on what?
Are you saying we should continue our existing levels of subsidizing the industry? Or, should we be giving them even more money?
How much of that money should be tied to their local workforce? Oil companies are laying off people by the thousands to shift work to automation, AI, or offshore resources.
Apparently Alberta has lost 45,000 oil and gas jobs from 2014 to 2023 and we know there were more layoffs over the last two years. To put it another way, if O&G has laid off 26% of the Alberta O&G workforce in the last decade, shouldn't that be a sign that the industry is not a good partner to invest in?
Or on the flip side, if 45,000 have been laid off by that industry then shouldn't our priority be to invest the limited public dollars into other industries where employment will actually increase?