How Alberta’s biggest oil companies are still raking in billions | The Narwhal
The Big Five (oil & gas companies) in Canada, Parkland says, have worked hard to diversify by investing in downstream assets and by cutting production costs — whether through automation or, as Husky puts it, through “stringent financial discipline” — and use their gross profits to maintain their economic power.
”Those Big Five, they’re going to be just fine,” Ian Hussey, research director at the Parkland Institute and an author on the report, told The Narwhal.
“That does not necessarily mean Albertans overall — workers — are going to be fine,” he said.
“It doesn’t mean we’re going to maintain the number of jobs we have in oil and gas.”