Oil revenue hits records but this time Alberta isn’t sharing the boom, says economists. Find out more
Less of that oil money is staying in the province.
Oil producers are also reinvesting a smaller share of revenues in operations, 7 per cent compared with 25 per cent in 2014. The type of investment has changed as well and is now targeted more to efficiency gains, rather than to new projects that create jobs.Article content “The link between the Alberta Advantage and investment cycle could have some important implications for the Alberta economy,” said St. Arnaud.
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Posthaste: Investors have made a bundle off this oil boom — Albertans not so muchOil revenue hits records but this time Alberta isn’t sharing the boom, says economists. Find out more
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