Feds changing tone on energy industry amid ‘fiscal hole’: ex-Encana CEO

A former chief executive of one of Canada’s largest oil and gas companies is taking comfort in reading between the lines of the fall economic statement the federal government released Monday.

“The oil and gas industry wasn’t mentioned in the budget, but the undertone is that the Liberals have figured out that this fiscal hole – if they don’t get their best, and most productive, and most revenue-generating and job-creating industry going – they’re going to be in deeper trouble,” Gwyn Morgan, former CEO of Encana Corporation said in an interview on Tuesday.

Morgan cited comments by Federal Energy Minister Seamus O’Regan, who told the Canadian Gas Association earlier this year that technological developments used to extract oil from the oil sands were “

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