14.01.2013 - Canada overdue for new SWFs, says report
Canada is ready and overdue for new sovereign wealth funds to preserve its resource wealth for later generations, according to new report from the Canadian International Council. “I think every province that has revenues from non-renewable resources should set one up,” Madelaine Drohan, the report’s author, said. “And the ones that have them should be putting away more money. When the Alberta Heritage Fund was started out in 1976, contributions were supposed to be 30% of oil and gas royalties. Now, if you compare Alberta’s contribution record with that of Norway’s, Alberta would look pretty bad.”..............................................Full Article: Source
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