In fact, Mr. Chair, the federal government has taken several steps in recent weeks that will meaningfully support workers and communities that depend on this industry. We have the Canada emergency wage subsidy, which covers 75% of an employee's wages for the employer. We have more liquidity for oil and gas companies through new loans of $15 million to $60 million from the Business Development Bank of Canada.
We continue to step forward in our response to the impacts of COVID-19 on my province here in Newfoundland and Labrador and on Alberta and Saskatchewan. These three provinces are being hit by two crises at the same time, a crisis of demand for oil and gas on the world markets and of course a crisis of public health with COVID-19.