Madam Chair, weeks ago we opened applications through the business credit availability program to support the small and medium-sized players that make up 85% of the jobs in our sector. We've also opened applications for measures that will be available to our larger players through our LEEFF program. We will continue to work with industry. We will continue to support workers, and we will continue to do so to get through this unprecedented challenge.
Madam Chair, on June 2, the vice-president of the Canadian Association of Petroleum Producers said, The entire industry is frustrated with the delay that we are facing. The Saskatchewan Minister of Energy and Resources has spoken about a gaping hole that exists in terms of support for the energy sector. The gaping hole that I'm speaking of is the EDC and BDC programs that this government has failed to deliver upon. Indeed, it was on April 17 that those programs were announced, and 54 days later, not only has not a single energy company received financing, but guess what? They can't even apply, and the eligibility criteria have yet to be finalized after 54 days. If that is not failing to deliver for the energy sector, what is?
Madam Chair, the Business Council of Alberta has said that the LEEFF program is a positive development showing that the federal government recognizes the needs and value of Canada's large corporations. We agree. It is essential that we support our oil and gas sector as it suffers through two crises: the impacts of COVID and the effects of a global price war initiated by Russia and Saudi Arabia. That's why, weeks ago, we opened applications for liquidity measures to support the small and medium-sized players that make up 85% of the jobs in our sector. We also announced liquidity made available to our larger players through the LEEFF program. We will continue to work with industry to make sure these programs are effective.
Madam Chair, contrary to the representations of the minister, neither the EDC program nor BDC programs are accepting applications. Just yesterday officials from both BDC and EDC were before the finance committee, where I posed precisely those questions to them. We know, Madam Chair, that the application process isn't up and running and that eligibility criteria remain to be determined, but I guess this government has some good news for the energy sector after 77 days. Now energy sector companies can go on the BDC website and apply for email updates. Is that the kind of help the Minister of Finance had in mind after 77 days: email updates instead of real relief for the energy sector?