Monday, December 23

Fiscal History

Syncrude Royalties- Hyndman’s papers
Energy, Energy, Fiscal History

Syncrude Royalties- Hyndman’s papers

In the mid-1970s, major efforts were made by the Alberta government to support the expansion of oilsands production. Up until this time, Great Canadian Oil Sands (GCOS), operated by Sunoco, was the only source of commercial bitumen. With the rapid increase of oil prices in 1973, the provincial government encouraged the development of a consortium involving private and public funds. Construction began in 1973 and production commenced in 1978. Between February 1975 to March 1980, the Alberta government had cumulatively advanced $281.8 million to the project of a total cost of $2.875 billion. Prior to 10 March 1980, the Province sold some of its interest to Alberta Energy Company for $54.9 million and had received cash receipts of $48.1 million from the sale of its entitlement of syntheti...
Budget, Fiscal History, Opinion/Research

And then there were none: Pros and Cons of a Sales Tax

 Originally posted 2 March 2018 Economics Society of Northern Alberta hosts debate on sales tax All MLAs invited -but all missing in action Key obstacle is public's perception that governments will just waste the money Will a crisis tilt Alberta to new massive cuts or a sales tax? Are Alberta public sector workers overpaid?  Relative to whom? (more…)