First Nations losing oil revenue amid fall in consumption, drilling - News Summed Up

First Nations losing oil revenue amid fall in consumption, drilling


In a windswept corner of the Blood Tribe land in southwest Albert is a pumpjack that towers more than three storeys off the ground and reaches three kilometres deep. Fuel consumption has fallen sharply as countries continue to react to the virus, while oil production remains relatively high around the globe. In fact, it's becoming costlier to manage oil and gas production on First Nations land than the amount of money collected from industry. The council has also asked for a special allotment of the funds earmarked for cleaning up oil oil and gas wells in Western Canada. 1:22"We have heard how challenging the decline in First Nation oil and gas revenue has been for First Nation communities, businesses, and individuals.


Source: CBC News July 06, 2020 07:52 UTC



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