Prime Minister Justin Trudeau announced new measures to support Canada’s energy sector, including $1.7 billion to clean up orphan and inactive wells in Alberta, British Columbia and Saskatchewan. The investment is expected to create 5,200 jobs in Alberta alone.
The government will also create a $750 million “Emission Reduction Fund,” with a focus on methane, to create and maintain jobs through pollution reduction efforts. The $750 million includes $75 million to help the offshore industry cut emission in Newfoundland and Labrador. The government expects these two initiatives to maintain 10,000 jobs.
The government will also provide $962 million to regional development agencies, and $270 million for Futurpreneur and the Industrial Research Assistance Program in order to support innovators and firms that do not qualify for the Canada Emergency Wage Subsidy.
In addition, Trudeau has announced $500 million to Heritage Canada in order to support those who work in the arts, culture and sports sectors.
The Senate of Canada has extended its adjournment until June 2, 2020, following consultations with all leaders.