This report compares the Canada and Alberta experience of managing oil wealth to that of Norway, another major petroleum producing and exporting country. The report finds that for too long foreign and domestic petroleum interests have been appropriating a disproportionate share of the petro-wealth in Canada and blocking effective carbon reduction measures. It asserts that Canadian governments should heed the Norwegian example and reclaim control of the petroleum industry.
The Petro-Path Not Taken
Comparing Norway with Canada and Alberta’s Management of Petroleum Wealth
January 17, 2013