The Hill times regarding the recent plunge in oil, and unspent money on renewable energy:
Liberal MP John McKay (Scarborough-Guildwood, Ont.) said the report is evidence the government of Prime Minister Stephen Harper (Calgary Southwest, Alta.) has favoured Alberta’s oil and gas industry at the expense of other sectors.
“We’re not nearly dead last in climate change progress for nothing, we worked at it, and we worked at it by emphasizing the oil sands in preference to everything else,” he said.
“So when we have this impending oil deflation, the price of oil deflation, all of our eggs are in that basket and because all of our eggs are in that one basket, we’re just watching that basket sail down the river, and there is no plan B,” Mr. McKay said.