Norway’s oil and gas fund
Our governments believe that resources belong to those who exploit them today and that future generations have no right to a share of the province's asset values.
Norway
Norway’s national oil fund worth C$2.6 TRILLION!
Norway’s oil and gas taxation is far different from Canada’s. The northern country ensures that its future citizens will benefit significantly from resource exploitation, while Canadian governments prefer the immediate…
Budget 2024: Gotcha!
In case you didn’t catch Danielle Smith’s bizzarro Address to the Province last week, the one where she signalled what we could expect in the 2024 Budget, here’s a brief…
Norway Gamed Oil to Get Rich and Go Green
Norway figured out how to make money from its oil while going green, and other countries should learn this nifty trick. Yes, oil is bad and we need to stop…
Monday Afternoon Links
Miscellaneous material to start your week. – Neil Shaw reports on the demands by Scottish doctors that their government reinstate COVID -19protections in health care facilities. And Tia Ewing reports…
Norway’s oil fund approaching C$2 trillion
In 1996, Norway began depositing oil revenue into a national wealth fund so that current and future generations would benefit from the nation’s oil wealth. Bolstered by oil taxes and…
Monday Morning Links
Miscellaneous material to start your week. – Paul Krugman notes that hostility toward basic public health protection such as masks represents a stark example of conservatives sacrificing human lives to…
BC NDP should pay attention to a Republican Senator
Long time United States Senator Charles Grassley is an Iowa Republican and chairman of the Senate Finance Committee. He joined with retiring Democratic Senator Tom Udall to state a position…
Saving or foregoing oil dollars is a choice
On the day Jason Kenney’s Alberta announced their single year budget deficit will exceed $24 billion, Norway advises it’s national wealth fund had passed C$1.52 trillion in value…
Why Would the UN General Assembly Elect Canada to the Security Council?
Prime Minister Trudeau has been hustling around the world, attempting to round up votes for Canada when the UN General Assembly elects members of the Security Council in June. Two…
Oilberta
Alberta has long been a puppet of the oil and gas business but Kenney’s compulsion to deliver benefits to this private sector is unprecedented. It is as if Alberta’s right…
Norway sets an example
Norway has done far more than put aside a substantial part of the value of fossil fuel production. It has has taken aggressive action to deal with climate change…
Sacrificing the future
Norway made a choice to take a material share of oil and gas revenues and distribute the value of its non-renewable resources to citizens over multiple generations. Alberta, British Columbia…
Norway Shines a Light We Don’t Care to See
Little Norway and it’s big sovereign wealth fund, the world’s largest, are once again leading the way, this time by plunging into alternative clean energy investment. Not for the first…
Canadian natural resources almost given away to mostly foreign owned producers
In Norway, with 5.3 million people, upstream petroleum companies are subject to a 27% petro tax plus a special tax of 51%. Alberta petroleum tax is less than 4%. BC’s…
Wednesday Morning Links
Miscellaneous material for your mid-week reading. – Oliver Moore reports on Greyhound’s elimination of most of its Western Canadian bus service. Emily Riddle offers a reminder that the lack of…
Ferry innovation? Wazzat?
The Havyard shipyard announced that it received a contract to build seven battery-powered ferries for Fjord1, Norwegian transport conglomerate. The news comes after the operators of the first all-electric ferry…
How Oslo Builds for a Sustainable Transit Future
Oslo: The Journey to Car-free from STREETFILMS on Vimeo. Oslo’s transition from car-focussed to people focussed transportation is well underway and is causing ripples around the world. Other cities are…
Norway’s national wealth fund
Norway sets aside proceeds from oil and gas production and now has an investment fund worth 8,140 billion NOK, which is about $1.3 trillion Canadian. Given the present population, that’s…