“Norway realized revenues of $87.69 per barrel in 2013. That same year, Mitchell Anderson of The Tyee calculated much of that difference has to do with a difference in collected royalties. In 2015, the Calgary Chamber of Commerce calculated that Alberta’s sovereign wealth fund would be worth $40.9 billion if it followed Alaska’s model of taxation and $163.7 billion in the case of Norway. What the heck is up? Alberta Would Have Over $163 Billion Had it Gone Norway’s Way

Yet we’re still faced with the reality that Norway - a country with roughly the same population size as Alberta - now has a savings fund roughly 60 times the size of Alberta’s. “If I said ‘wouldn’t it be great if Alberta had a trillion dollar sovereign fund?’ You’d say ‘yeah absolutely.’ But the better question is would it have been worth the tradeoffs that would have had to been made at the time to accumulate that fund,” Leach said in an interview. It has also somewhat predictably triggered a new round of consternation among Albertans, mourning the state of their own fund currently worth a measly $17.2 billion.īut Andrew Leach, associate professor at the University of Alberta’s business school and chair of the province’s completed Climate Change Advisory Panel, said it’s important to read past the headlines when it comes to the Norway vs. The number is 2.5 times Norway’s annual GDP and serves as the largest sovereign wealth fund in the world.

Just in case you’re wondering, 12 zeroes looks like this: $1,000,000,000,000 Norway’s sovereign wealth fund just hit a grand total of US $1 trillion dollars.

Fishing planet alberta vs alaska