Alberta Liberals Stand with Alberta on the Oil Price Differential Plan

Alberta Liberal Leader David Khan and Liberal MLA  David Swann stand with all Albertans on the Government’s plan to mandate reduced oil production.

Khan stated, “Alberta Liberals are calling on all Albertans to work together to solve our oil price crisis. This is not the time for finger pointing or the blame game. The Government’s proposal is not a silver bullet solution. But, it does point this Province in the right direction for price recovery.”

Swann stated, “We support any efforts that could help Alberta. We support getting the best price for our resource. We still have concerns about execution and unintended consequences of the oil price recovery plan. The Government has assured us that there will be no significant legal or trade challenges to this plan. We hope this is the case.”

Khan added, “There are no guarantees there won’t be more layoffs. We call on the Federal Government to reinstate enhanced employment benefits for oilpatch workers still losing their jobs. We must do all we can to protect Albertans from additional economic pain.

“This is a short-term strategy for price recovery. The long-term strategy is to build the Trans Mountain Pipeline expansion. Alberta Liberals urge the Federal Government to properly consult with First Nations. Their concerns must be accommodated as needed. The same applies to marine shipping issues. We want this pipeline approved and built.

“Albertans must stand strong together. We are hardworking and resilient. We will get through this crisis.”

Khan and Swann are available for interviews.

Alberta Liberals issue statement in recognition of Hanukkah

Alberta Liberal Leader David Khan and MLA David Swann issue the following statement in celebration of the beginning of Hanukkah:

“Tonight marks the beginning of Hanukkah, the Festival of Lights. As families across Alberta gather to light the first candle of the menorah, we want to extend them our warmest wishes.

“As the commemoration of the rededication of the defiled Holy Temple, Hanukkah celebrates the miracle of light in dark places, and of hope in dark times.

“Hanukkah’s message of renewal and light is a particularly important one for Albertans at this time, as we face uncertainty and economic challenges.

“As you observe this holiday in the company of dear friends and loved ones, I hope your own home becomes a source of light and warmth in this cold Alberta winter.

“A blessed and happy Hanukkah to you all. Chag sameach!

Alberta Liberal Leader David Khan and MLA David Swann say the Q2 Fiscal Update has Alberta on the edge of a financial cliff

Alberta Liberal Leader David Khan and MLA David Swann declare the Q2 Fiscal Update has Alberta on the edge of a financial cliff that should concern all Albertans.

Khan stated, “We are facing a precarious future. Spending is continuing to increase and GDP growth is shrinking. Both investment income and corporate income tax income are lower. Non-renewable resource revenue and revenue from personal income tax are both up, for now. The deficit is lower, but it’s still a whopping $7.5 billion.”

Swann stated, “The government continues to draw money from the Heritage Trust Fund to artificially reduce the deficit. They have pulled out over $4.4 billion in the past 3 years. That is like pulling money out of your RRSP to pay down your credit cards. It makes no sense. It is robbing future generations of Albertans just to deal with a current financial problem.”

Khan added, “Oil continues its roller-coaster run, taking Albertans on a yet another stomach-churning ride. The Western Canada Select (WCS) oil price differential will be the key. The Government is projecting the WCS differential average for the year at just below $30/barrel. That is marginally better than the almost $50 spread that has been punishing all Albertans for the past month. But it could get worse in the months to come.

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