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Finance committee  Yes. I mean, the $1 billion that has been earmarked for potential reclamation is helpful, but as I've pointed out, look at how much Albertans contribute to national revenues. We paid about $1.4 billion or $1.5 billion into the $9-billion auto sector bailout in 2009. We paid more to help bail out Ontario's auto sector than it looks like we're getting to help our own sector at this critical time.

June 18th, 2020Committee meeting

Bill Bewick

Finance committee  Absolutely. That's the biggest part of it. Also, though, we want to be able to be a massive economic engine for the country. We would also like to see some reforms on a couple of programs, though, to make the way in which the funds are distributed around the country more fair.

June 18th, 2020Committee meeting

Bill Bewick

Finance committee  It's no secret that there's a huge problem with the lack of pipeline access, all of the hurdles that have come up since, and more hurdles that the government is considering putting forward through Bill C-48 and Bill C-69. That does mean that all of our oil prices are discounted at a huge rate, because we have a captive audience down in the U.S. that is our sole purchaser.

June 18th, 2020Committee meeting

Bill Bewick

Finance committee  Thank you very much for the invitation to appear. It really is an honour to be here today before the House of Commons Standing Committee on Finance. While everyone's economies are in uncharted waters across Canada, after a five-year downturn, Alberta has been hit extra hard by the COVID-19 crash in energy demand dovetailing with a price war between Russia and OPEC.

June 18th, 2020Committee meeting

Bill Bewick