Alberta reducing Canadian Energy Centre operating budget
Posted Mar 30, 2020 6:02 pm.
Last Updated Mar 31, 2020 6:25 am.
Calgary (660 NEWS) – The UCP government has announced its energy war room, the Canadian Energy Centre (CEC), is reducing its current operating budget.
The budget will be reduced by 90 per cent due to the COVID-19 pandemic.
Most of the CEC’s budget is intended for paid advertising campaigns that won’t be going forward amidst the ongoing pandemic.
Here’s the government’s release on the 90% funding cut to its ‘war room’ , down from $30M to 2.84M#yeg #yyc #ableg pic.twitter.com/uoOanovfIL
— Courtney Theriault (@cspotweet) March 30, 2020
“Global energy demand is down dramatically because of reduced consumption due to the COVID-19 pandemic and the Russia-Saudi-initiated price war,” said Minister of Energy Sonya Savage.
“But in time, demand will recover. The world still needs reliable energy.”
The move drops the CEC’s operating budget falls from $30 million to $2.84 million.
