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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Fund Profile/New Launches

A letter on how Alberta would be well advised to consult Norway on its royalty strategies

Posted on 16 June 2011

Norway’s fund is reportedly $560.5 billion. What is Alberta’s equivalent? Our Heritage Fund has been depleted in the last three years under Premier Ed Stelmach from about $17 billion (2008) to its current $14 billion, and shrinking. Why?
Plus, why does Alberta use borrowed money (otherwise called private public partnerships) to build schools, roads and museums, while Norway uses the surplus from their Sovereign Wealth Fund to invest in the oil and gas industry in Alberta?………………………………………Full Article: Source


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