The OPI has asked Federal Finance Minister, Hon. Bill Morneau to ensure that the Ontario oil and natural gas industry is not bypassed while developing a Federal Aid Program for the energy sector in response to the Coronavirus Disease (COVID-19) pandemic.  In a letter recently sent to the Minister the OPI emphasized that a financial support package considers the needs of the Ontario oil and natural gas industry.  The letter further stated that companies require access to capital and measures to manage their operations through an extremely difficult period in the coming weeks and months to remain solvent, keep their businesses open, keep workers employed and support the communities in which they operate.  Some suggested measures would include:

 

1. Work with government agencies and financial institutions to ensure companies are provided with continued access to existing or new credit support.
2. Support or incentives for the reclamation of inactive and orphan wells; creating jobs for people working for service companies and indigenous communities who are particularly impacted from the downturn.