GNWT and MLA McNeely respond to Imperial Oil’s temporary fuel price reduction

Media Statement

Yellowknife — October 21, 2024

Caroline Wawzonek, Deputy Premier and Minister of Finance and Infrastructure, and Sahtu MLA Danny McNeely issued the following statement today in response to Imperial Oil’s announcement to temporarily reduce the price of home heating fuel in Norman Wells.

Minister Caroline Wawzonek
“We recognize the immense challenges that residents of Norman Wells and the Sahtu region are facing. The sharp rise in fuel prices has placed significant financial stress on families, businesses, and communities.

“The Government of the Northwest Territories (GNWT) has been working to identify the most effective and equitable ways to support the community. This work has led to the implementation of the $1.8 million in Support Funding for Businesses and Communities Impacted by Barge Cancellations, increases to the Senior Home Heating Subsidy in Norman Wells, and continued GNWT support for actual heating costs for eligible Income Assistance recipients. Additionally, the GNWT has donated $150,000 to the Norman Wells food bank to ensure families can access essential supplies during this difficult period.

“Imperial Oil’s decision to lower the price of home heating fuel offers immediate relief to residents facing financial pressures. This step reflects a swift response by Imperial Oil to discussions with the GNWT and will help ease short-term financial burdens on residents.

“While this price reduction provides some relief, further steps are needed to fully address the economic challenges residents are experiencing. The GNWT will continue to engage with Imperial Oil, fuel and transportation contractors, and the Government of Canada to explore ways to stabilize prices further and minimize the impact on consumers.

“To the residents of Norman Wells and the Sahtu region, please know that your government stands with you. We are working alongside private companies, Indigenous governments, and Canada to ensure the necessary supports are in place. Together, we will navigate this situation and unlock the full potential of the Sahtu region.”

Sahtu MLA Danny McNeely:
“Imperial Oil’s immediate price reduction is a positive step, and I appreciate their willingness to help ease the financial burden on residents during this crisis. This measure reflects progress, and I look forward to seeing how it benefits the community in the coming months.

“Norman Wells residents deserve a strong commitment from Imperial Oil that reflects the deep, lasting relationship the company has built with the community over more than 100 years of operation.

“I want to acknowledge the GNWT for its efforts to support residents during this challenging time, including the $150,000 donation to the Norman Wells food bank. I also thank the Town of Norman Wells and regional Indigenous governments for their tireless advocacy on behalf of their people. Their leadership has been essential in ensuring these discussions result in meaningful actions.

“As someone who has lived in the Sahtu all my life, I know how difficult this situation is for residents. With the Sahtu having the highest cost of living in the NWT—and among the highest in Canada—it is essential that we continue working together to bring costs down and improve quality of life.

“I remain committed to pressing the GNWT and the Government of Canada to explore longer-term, innovative solutions, including infrastructure projects like the Mackenzie Valley Highway. Through collaboration and a focus on long-term resilience, we can ensure a sustainable future for our communities.”

For media requests, please contact:

Cabinet Communications
Government of the Northwest Territories
PressSecretary@gov.nt.ca