Thursday, March 07, 2013

Alberta


Canada has the third largest proven oil reserves in the world.  Alberta's massive tar sands reserves has resulted in it being called "Saudi Arabia of the North"

So how is it that the Alberta government be planning to cut funding to schools, education and health care if the province is so oil rich? Alberta, allegedly the wealthiest province in Canada, has run three budget deficits in a row.

The Canadian government does not charge a royalty on the profits of oil companies operating in the Alberta tar sands, only the Alberta provincial government does. In 2009, the Alberta government collected more in gambling and casino revenue than it did in royalties from oil companies.

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