In a release conference this morning, The federal government inidcated it will provide $1.7 billion to clean up orphan and inactive wells in Alberta, Saskatchewan and British Columbia with a significant focus on the preservation of jobs.
In Alberta alone, these investments will reportedly maintain 5,200 jobs.
"Our goal is to create immediate jobs in these provinces, while helping companies avoid bankruptcy and supporting our environmental targets," The Canadian Prime Minster said.
“The wells, which are no longer in use, can be detrimental not only to our environment, but to people's health" Trudeau told reporters at the conference.
"Think of the farmer who can't grow anything on his land because of an abandoned well, a few steps away from his home. Think of the small town or Indigenous community struggling with this issue that has been festering for years or even decades."
Cleaning them up will bring people back to work Trudeau said.
"Our goal is to create immediate jobs in these provinces, while helping companies avoid bankruptcy and supporting our environmental targets."
The fed's are also working with the Business Development Bank of Canada (BDC) and Export Development Canada (EDC) to strengthen credit support for medium-sized energy companies that are particularly at risk.
"The goal is to allow these companies to continue their activities in order to keep their employees."