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AB finance minister approves lending AB government $25 billion

Yesterday, Travis Toews, president of the Alberta Treasury Board and the minister of finance, recommended to the lieutenant governor that he be authorized to do the following:

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Travis Toews lets himself lend $1.25B to oil refinery

As you know, the Alberta government promised to spend $1.5 billion on shares in TC Energy, the company that’s building the Keystone XL pipeline, even though the company made $32 million off the corporate tax cut last year and whose 2019 profits were $4 billion.

But did you know that’s not the only oil and gas project that the UCP government plans to spend over a billion dollars on?