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‘Not out of the woods:’ Alberta easing oil production cuts as price improves
EDMONTON — Alberta is easing mandatory production cuts as the price of oil increases, but industry players remain concerned about the underlying problem that drove the curtailment in the first place: a lack of adequate pipeline capacity.
“We’re not out of the woods yet, but this temporary measure is working,” Premier Rachel Notley said in a statement Wednesday.
“While it hasn’t been easy, companies big and small have stepped up to help us work through this short-term crisis while we work on longer-term solutions, like our investment in rail and our continued fight for pipelines.”
Notley thanked Alberta producers for working with the government to protect the jobs and livelihoods of thousands of Alberta families and business.