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Don't forget N.L., David Wells says of possible money for oil-producing provinces

A Newfoundland and Labrador senator is calling on the federal government to include his home province in any infrastructure programs designed to alleviate pressure on oil producing provinces.
Senator David Wells says he wants to see Newfoundland and Labrador included in on any financial assistance the federal government may give to oil producing provinces. (CBC)

A Newfoundland and Labrador senator is calling on the federal government to include his home province in any infrastructure programs designed to alleviatepressure on oil producing provinces.

Responding to a story in The Financial Post, Progressive Conservative Senator David Wells said this province is not immune to the negative effects of plunging oil prices, and should not be forgotten if any money is dished out to oil producing provinces.

Wells said the government is looking at an immediate $1billion stimulus for Alberta and Saskatchewan.

"Newfoundland and Labrador's offshore oil industry is a significant component andhas made major contributions to our economy," Wells said in a news release Thursday.

"Falling oil prices reduce revenues to the province and impact our ability to fund critical infrastructure."

To include Alberta and Saskatchewan and not Newfoundland and Labrador, Wells said, would be unfair.

In December, Saskatchewan Premier Brad Wall said thefederal government shouldconsider returning a portion of the money it is taking from so-called "have"provinces while energy prices are low.