Alberta Liberals call for emergency debate on $260 billion in unfunded oil patch liabilities

The Alberta Liberal Opposition has submitted a Standing Order 30 Motion with the Speaker’s Office. It calls for an emergency debate today on the publicly estimated $260 billion in unfunded oil patch liabilities.

Alberta Liberal Leader David Khan and Liberal MLA David Swann have been demanding answers on this issue. The NDP Government has been silent. Khan and Swann now believe a full and immediate public debate in the Legislature is essential to inform Albertans. Oil patch cleanups could become a financial, economic and environmental disaster for all Albertans.

Khan stated, “Taxpayers are on the hook for billions of dollars in cleanups. But how much exactly? The Alberta Energy Regulator (AER) said it could be $260 billion or more. The NDP Government said it was $58 billion. Alberta taxpayers have a right to know how big this problem really is.

“The potential financial hit could bankrupt Alberta. The potential environmental impact is unimaginable.

“There are also risks to a sustainable energy industry. ATB and Canada’s major banks may be exposed as both investors and lenders to the oil patch. All these issues should be publicly examined.”

Swann stated, “This emergency debate must be an open and honest discussion. We need to hear ideas from across the political spectrum on how to resolve these enormous challenges. We need non-partisan constructive solutions on behalf of all Albertans.”

Alberta Liberals appeal to all political parties to work together on this issue. We ask for unanimous support on this Emergency Debate in the Legislature. Albertans deserve answers.