Several CEOs of companies involved in Canada’s oil and gas industry made a plea for financial help from the federal government on Monday through a letter published in the Financial Post.
The opinion piece, titled “An open letter to Canadians from oil and gas workers,” asked Prime Minister Justin Trudeau to introduce a payroll relief plan. “We’re also asking the federal government to purchase our accounts receivable — at a discount,” the letter reads. “Doing this would give our companies instant cash flow.” Mark Scholz, president and CEO of the Canadian Association of Oilwell Drilling Contractors, said any and all help is critical right now. “This is our SOS call to Canadians,” he said. “We need more liquidity assistance within our