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Sovereign Wealth Funds Briefing - Categorized | Trends

How all Canadians benefit from Alberta’s oil wealth

Posted on 21 March 2012

Alberta’s petroleum reserves constitute a huge store of wealth for its residents, akin to a winning lottery ticket. As everyone knows – or should know – the smart thing to do with a winning lottery ticket is to put the proceeds in the bank and to base spending on the investment income it generates, and not on the windfall itself.
This is roughly the approach taken by Norway: much of its oil revenues are invested in a sovereign wealth fund whose purpose is to provide a flow of income to future generations of Norwegians after its oil reserves run out………………………………………..Full Article: Source


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VRS - who has written 15428 posts on Opalesque Sovereign Wealth Funds Briefing.


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