Thanks, Mr. Chair.
More than a month ago, the finance minister said help for the oil and gas sector was coming in hours or days. Canadian companies have been forced to cut about $9 billion in planned spending since the beginning of March, while active rigs dropped from 214 to 24, and up to 50% of workers employed by drillers have been laid off and thousands more have lost their jobs.
On April 17, the government announced loans between $15 million and $60 million. The natural resources minister said that day that the most urgent priority for energy operators is “liquidity, liquidity, liquidity.”
Last Friday, April 24, the BDC said details on how companies can apply are weeks away.
On what exact date can energy producers and service companies apply?