removed) in 2021. A budget surplus has financed or paid for Premier Danielle Smith’s latest inflation-relief handouts. While that sounds good, there was no oil boom; this growth is simply part of a pan-Canadian recovery from the pandemic shutdown in early 2020.
Alberta Central, which serves the province’s credit unions, has analyzed the financial statements of major oil producers. It estimates the share of oil producer revenues being used for dividends and share buybacks has nearly tripled to 11 per cent today, compared with about 4 per cent in 2014. Most shareholders receiving the boost to income and asset values are not Albertan or Canadian, so there is financial leakage that is limiting overall provincial growth.
A few interpretations are possible. The numbers could reflect a temporary adjustment due to the exceptional sudden windfall in oil revenues. This interpretation might explain the exceptional dividends and buybacks, but not the sharp drop in oil revenues being allocated to investment, or the shift from capacity building to investing for efficiency.
Maybe, , maybe you should start with explaining to Canadians the difference between heavy crude and light crude? Nobody wants Fort Mac oil sand fuel burning in their vehicles. It stinks like sulpher, and its emissions are far greater than light crude.
Because the federal government will not permit Alberta to rise to its full economic potential.
Massive migration and immigration are coming to Alberta. They will build a secondary industry.
For years, they've had a chance to develop renewal resources...but nooooooooo!!!!
Cause you pissed away all infrastructure investment by making this country hostile you clowns
The CEO's are doing fine.
Imagine if our fed government did botch multiple projects?
That was 1950. But the ucp are still kickin that horse.
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