By Canadian Press business reporter Dan Healing
Warren Mabee, director of the Institute for Energy and Environmental Policy at Queen’s University, said he thinks the companies will be anxious to see people allowed back into Fort McMurray as soon as possible because a stable workforce is critical to their operations.
“I would be looking for a better update on what’s happening on the ground,” he said. “The oilsands can continue to operate — as we said, they haven’t really lost a lot of their critical infrastructure — but what they have lost, right now, is the support mechanism that the whole city represented and that is significant.
“Without that, their costs go through the roof. It’s essential to those companies that the city gets up and running even if all the neighbourhoods aren’t inhabited, even if all of it isn’t back where it was.”
Mabee said an extended period of downtime due to infrastructure or staffing issues could lead to the industry requesting financial help through bailouts or tax incentives.
Warren Mabee, director of the Institute for Energy and Environmental Policy at Queen’s University. He is also Associate Director of the Adapting Canadian Work and Workplaces to Respond to Climate Change Research Group.
Read the full article in the Calgary Herald