alt Hacker News>like the British Empire treated it colony Canada, so does the country treats us
This persecution complex seems bizarre. The only entities exploiting Alberta are the oil companies who offshore billions of dollars in profits. Instead of growing their sovereign wealth fund the way Norway does, Albertans allowed themselves to be exploited.
Edit: I see now that when I wrote "created a fund like Norway" it was taken as implying Alberta didn't have a fund, when what I meant was "created one that is similar to Norway's fund". Edited for clarity.
1. Alberta has a wealth fund.
2. The amount Alberta has sent in equalization payments would have allowed us to have a far larger wealth fund than Norway has.
Also, you are aware that, no matter who exploits the oil, the Alberta government receives royalties from it, right?
Also, most of the foreign companies have joint ventures with Canadian entities and a lot of the money does stay within Canada and Alberta.
And even with all the equalization Alberta has sent, we're still the richest province by far. We just know we could be much richer still...