Wealth Wasted

Wealth Wasted

Support our journalism. Become a Patron!
Avatar
December 19, 2012
 

As reported in The Tyee, the Alberta Tar Sands bitumen proposed for shipment to China via Port Metro Vancouver would be more wisely and profitably piped as oil through existing pipelines to underutilized refineries in Eastern Canada. Compared to Norway’s oil resource management, the Province of Alberta, says reporter Mitchell Anderson, has failed miserably. Where Norway has used its oil profits to provide full employment and healthcare, free university tuition, universal daycare and 25 days of paid holidays per year, Alberta — which collects petroleum rents for 70% of Canada’s production — has posted its seventh consecutive deficit, frittering away $20 billion in past oil wealth without saving a dime.

We're fighting for our lives

Indigenous Peoples are putting their bodies on the line and it's our responsibility to make sure you know why. That takes time, expertise and resources - and we're up against a constant tide of misinformation and distorted coverage. By supporting IC you're empowering the kind of journalism we need, at the moment we need it most.

independent uncompromising indigenous
Except where otherwise noted, articles on this website are licensed under a Creative Commons License
IC is a publication of the Center for World Indigenous Studies (cwis.org), a 501C(3) based in the United States