[Scoundreller]

I do wonder if Canada could have been like Norway for the same reasons.

And Canada has more than just oil.

But a lot of it seems to be privately squandered.

[myth_drannon]

Alberta has one - https://en.wikipedia.org/wiki/Alberta_Heritage_Savings_Trust...

[Scoundreller]

Works out to $4k per person in the fund currently.

The argument could be made that it’s because they spent the money on long-term assets, but I’d argue they spent it on lower taxes.

[joshspankit]

Even worse: Canada has actually paid US companies to come take our oil. I feel like all we had to do was charge a very high extraction rate (calculated where 20% of the profit is more than enough to fully restore the ecosystem), have stringent rules in place about pollution, then actively use funds to clean up the environment