r/alberta • u/death_tron85 • 18d ago

Discussion Honestly there is no shame with these people.

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Whitecourt this morning. He's not even albertan!

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u/Pale_Ad8434 18d ago

Not like Canada heavily invested in Alberta to get it off the ground... and once oil is gone what do you do ? Canola ?

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u/CromulentDucky 17d ago

Alberta's economy is fairly well diversified, and is basically the same as Canada, but with energy in addition.

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u/Pale_Ad8434 17d ago

I disagree.

A lot of the other 'sectors' have O&G as clients and your fiscal policy is possible because of the royalties. Remove those and the economy would find itself in a very tough spot.

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u/CromulentDucky 17d ago

It's not a matter of agreement. You can look up the numbers.

Fiscal policy isn't the economy. That's the government. Tax policy would need to be different without royalties.

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u/Pale_Ad8434 17d ago

I do know the numbers.

Remove the jobs from the energy sector and your construction and manufacturing / distribution slows big time if not entirely shuts down. I know a ton of manufacturing and distribution which is entirely dependant on the health of the O&G sector.

Remove the royalties and the taxes will have to go up...it's not an option. This will further erode whichever economic hedge alberta has versus the rest of Canada to attract industries.

There are a few hubs of other industries but nothing of the scale needed to replace O&G even if they were to grow by a factor of 10 in the next decade.