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Alberta reducing Canadian Energy Centre operating budget

Last Updated Mar 31, 2020 at 6:25 am MDT

Minister of Energy Sonya Savage listens while Premier Jason Kenney responds to the federal approval of the Trans Mountain Pipeline in Edmonton on Tuesday June 18, 2019. Alberta's oil-based economy, already reeling by reduced demand due to the novel coronavirus, is now getting a gut punch from a global price war. THE CANADIAN PRESS/Amber Bracken

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.

“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.