First Nations say Alberta has no right to cut oil activity on their land – CBC

by pmnationtalk on February 13, 201963 Views

First Nations also upset they weren’t consulted on the policy to curtail oil production

Feb 13, 2019

Some First Nations in Alberta want an exemption from the provincial government’s decision to mandate oil production cuts.

The First Nations say the provincial government has no right to dictate the level of oil and gas activity on their land. They believe the oil curtailment policy could have a negative financial impact.

Since the beginning of January, the Alberta government is forcing oil companies to restrict production in an effort to clear a backlog of oil and boost prices for Canadian crude, which sold for about $50 less per barrel than the American benchmark — West Texas Intermediate oil — during the fall.

Read More: https://www.cbc.ca/news/business/irc-iogc-curtailment-1.5015982

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