Page 27 - January 7, 2019
P. 27
THE WEEKLY ANCHOR
PAGE 18 MONDAY NOVEMBER 6, 2017
THE WEEKLY ANCHOR MONDAY JANUARY 7, 2019 PAGE 27
A Monthly update on the Oil & Gas and Energy Industry
ENERGY EDUCATION IN ACTION
CAODC Reacts to Federal Funding Announcement Growth in the oil sands projects drives
The Canadian Association of Oilwell need is greatly appreciated, and will help experience difficulties, require loans,
Drilling Contractors (CAODC) many businesses in the sector stabilize, and endure inter-provincial conflict, and the need for more pipelines to 2030: CAPP
supportive of federal funding re-structure debt and finances. men, women, and families in our
announcement, but indicate more is Access to unsecured loans however, does industry will continue to suffer.”
Tim McMillan
President and CEO needed to address industry challenges. not address the underlying issues at the heart
Canadian Association of Petroleum Producers of the industry's problem. “While we are
Natural Resources Minister Amarjeet grateful for help in any capacity at this point,
Sohi and International Trade all we have ever asked for is the opportunity
Diversification Minister Jim Carr to compete in global markets with our world
announced a funding initiative designed class products,” explains CAODC President
to support the Canadian oil and gas Mark A. Scholz. “Market access and the
sector. The details of the announcement acknowledgement that our industry is the
include: $1 billion in commercial best in the world, an environmental leader,
financial support from Export and important to our country would also be a
Development Canada to be made welcome Christmas gift this year.”
available to exporters of all sizes to assist In light of today's announcement, CAODC
companies looking to invest in looks forward to working with the federal
innovative technologies, address working government to maximize the benefits of this
capital needs or explore new markets; program for its members. While a step in the
and a new $500 million Energy right direction, the challenges facing
Diversification commercial financing Canadian oil and gas remain substantial. “As
envelope over three years from the Canadians saw recently in Whistler Mayor
Business Development Bank of Canada Jack Crompton's letter to Canadian Natural
to help higher risk but viable oil and gas Resources Ltd., a fundamental component of
small business enterprises weather the the predicament Canadian oil and gas
current market uncertainty. currently finds itself in, is the misinformed
The impact of such a long standing idea that we are poorly regulated, responsible
downturn has been devastating to for catastrophic global climate change, and
women, men, and families in the bad for Canada,” asserts Scholz. “Until
Canadian oil and gas industry. Additional Canadian governments at all levels stop
support from government in this time of indulging in this rhetoric, we will continue to
This page is sponsored by industry supporters of responsible energy
Specializing in pipeline construction, facility constructions,
maintenance, abandonments and compression projects
780-728-0004 4515 2nd Avenue
PAGE 18 MONDAY NOVEMBER 6, 2017
THE WEEKLY ANCHOR MONDAY JANUARY 7, 2019 PAGE 27
A Monthly update on the Oil & Gas and Energy Industry
ENERGY EDUCATION IN ACTION
CAODC Reacts to Federal Funding Announcement Growth in the oil sands projects drives
The Canadian Association of Oilwell need is greatly appreciated, and will help experience difficulties, require loans,
Drilling Contractors (CAODC) many businesses in the sector stabilize, and endure inter-provincial conflict, and the need for more pipelines to 2030: CAPP
supportive of federal funding re-structure debt and finances. men, women, and families in our
announcement, but indicate more is Access to unsecured loans however, does industry will continue to suffer.”
Tim McMillan
President and CEO needed to address industry challenges. not address the underlying issues at the heart
Canadian Association of Petroleum Producers of the industry's problem. “While we are
Natural Resources Minister Amarjeet grateful for help in any capacity at this point,
Sohi and International Trade all we have ever asked for is the opportunity
Diversification Minister Jim Carr to compete in global markets with our world
announced a funding initiative designed class products,” explains CAODC President
to support the Canadian oil and gas Mark A. Scholz. “Market access and the
sector. The details of the announcement acknowledgement that our industry is the
include: $1 billion in commercial best in the world, an environmental leader,
financial support from Export and important to our country would also be a
Development Canada to be made welcome Christmas gift this year.”
available to exporters of all sizes to assist In light of today's announcement, CAODC
companies looking to invest in looks forward to working with the federal
innovative technologies, address working government to maximize the benefits of this
capital needs or explore new markets; program for its members. While a step in the
and a new $500 million Energy right direction, the challenges facing
Diversification commercial financing Canadian oil and gas remain substantial. “As
envelope over three years from the Canadians saw recently in Whistler Mayor
Business Development Bank of Canada Jack Crompton's letter to Canadian Natural
to help higher risk but viable oil and gas Resources Ltd., a fundamental component of
small business enterprises weather the the predicament Canadian oil and gas
current market uncertainty. currently finds itself in, is the misinformed
The impact of such a long standing idea that we are poorly regulated, responsible
downturn has been devastating to for catastrophic global climate change, and
women, men, and families in the bad for Canada,” asserts Scholz. “Until
Canadian oil and gas industry. Additional Canadian governments at all levels stop
support from government in this time of indulging in this rhetoric, we will continue to
This page is sponsored by industry supporters of responsible energy
Specializing in pipeline construction, facility constructions,
maintenance, abandonments and compression projects
780-728-0004 4515 2nd Avenue
