this post was submitted on 08 May 2025
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Alberta despite its small population makes up a great deal of our current account balance, which is what gives our dollar value in the world. On this value we've taken on over 90% federal/provincial debt to GDP, and we already have a grave productivity problem, yet you want to wipe out one of our most efficient industries so that you can feel good about yourself while doing nothing to prevent climate change.
Heres what tends to happen when your debt gets above 90%, which further puts a drag on our growth, and may be a large contributor as to why we have been second to last in the OECD since 2015 per capita.
https://www.businessinsider.com/kenneth-rogoff-carmen-reinhart-sovereign-debt-2010-8
Haha...hahahahahha...hahahha efficient. Buddy I work in oil and gas, it's not efficient.
Its worker productivity and margins, oil and gas is very efficient relative to manufacturing or farming. Look at transfer payments.
Margins are only high when you externalize so much of the costs to the public and state.
Well Alberta doesn't even pay a PST, I can't see how that can be the case.