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Canada Government, Provinces Step Up to Support Flailing Oil, Gas Projects

Canada Government, Provinces Step Up to Support Flailing Oil, Gas Projects

The Canadian government vowed Wednesday to attempt to salvage a mothballed C$2.2 billion ($1.6 billion) oil project offshore Newfoundland that the coronavirus pandemic threatens to sink. Rescue talks are underway, said Natural Resources Minister Seamus O’Regan, after Husky Energy Inc. teamed up with business and labor supporters to broadcast a group call for help for…

September 10, 2020