CTF Submission to the Alberta Financial Investment and Planning Advisory Commission Opportunity
Lost

Ever since oil was first struck in Leduc, Alberta in 1947, Albertans and their government have benefited from the billions of royalty revenues paid to the treasury through their sale.

Unfortunately, those revenues have been anything but consistent over the long-run, due almost entirely to the fact prices have not been consistent. Commodity prices for oil are set on the world market and for natural gas on a North American market â€" resulting in the Alberta government having no control over the level of revenues received.

This unpredictability would not be a concern for the government if they treated these revenues like a windfall or a one-time lottery win, they are not. Non-renewable resource revenues have in the past and present been treated like any other source of revenue ...

Download and read the full report.

By: Scott Hennig
Posted: November 14, 2007
Topic: Alberta

Contact the regional director Scott Hennig for further information.

Type: Presentations

Join Us   |   Donate