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CALGARY – Oil and gas executives dismissed a series of new tax breaks as “Band-Aid solutions” that won’t help spur new investments in the beleaguered sector until new pipelines are built.

Finance Minister Bill Morneau and Alberta Premier Rachel Notley announced a series of tax breaks Wednesday and Thursday, respectively, aimed at spurring investment in the oil and gas industry.

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Those breaks include immediate deductibility of expenses for new plant and equipment and clean-energy technology from Ottawa, new exemptions from the carbon tax for drilling companies, and a proposal to buy rail cars to move oil to U.S. refineries from the Alberta Government.

While executives said they wouldn’t turn down offers of assistance, the measures do little in the short term while Canadian oil prices are subject to record-setting discounts relative to the U.S. crude oil benchmark due to a lack of export pipelines.