Alberta Premier Jason Kenney earlier this week tweeted a two-minute video clip of him telling reporters why the oil and gas industry rated a federal rescue.
The vignette, Canada’s energy industry deserves the same treatment as the auto sector, was an allusion to the bailout of General Motors Co. and Chrysler LLC by the governments of the United States, Canada and Ontario in 2009.
For the record, Kenney didn’t actually say that he thought the oil companies warranted the same treatment as GM and Chrysler. What he said was, “Albertans are absolutely right to expect and to demand at least similar treatment for by far the largest industry in Western Canada, the largest sub-sector in the Canadian economy.”
The distinction between “same” and “similar” is important, because there is little evidence that Canada’s version of Big Oil is ready for the medicine that was force-fed to GM and Chrysler a decade ago.
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