Seamus O'Regan on COVID-19 Pandemic and Other Matters

In the House of Commons on August 12th, 2020. See this statement in context.

COVID-19 Pandemic and Other MattersGovernment Orders

August 12th, 2020 / 1:15 p.m.

St. John's South—Mount Pearl Newfoundland & Labrador

Liberal

Seamus O'Regan LiberalMinister of Natural Resources

Mr. Speaker, we have been there for the oil and gas sector of Alberta, Saskatchewan, and Newfoundland and Labrador from the get-go.

Last month, EDC opened applications for companies with revenues between $100 million and $500 million that were financially viable before the pandemic. Loan amounts now will fall between $12.5 million and $60 million.

Our government has been supporting smaller companies in that field for months with the BCAP program. Those companies make up 85% of the jobs in the oil and gas sector, and we have their backs.

See context to find out what was said next.