Skip To Content

TitleMisplaced generosity: Update 2012: Extraordinary profits in Alberta's oil and gas industry
Publication TypeMiscellaneous
Year of Publication2012
Corporate AuthorsParkland Institute
Pagination13 pages
Date Published03/2012
PublisherParkland Institute, University of Alberta
Place PublishedEdmonton, Alberta.
Publication Languageeng
Keywordseconomics, U of A
Abstract

Recently released data on the tar sands industry reveals that things have returned to normal. Unfortunately for Albertans, "normal" is a royalty regime that ensures the vast majority of wealth goes to the private oil companies rather than the public, the owners of the bitumen. The diverging fortunes of the province and the oilpatch are clearly evident from the contrast between the government's ongoing revenue crisis, which has resulted in a $3 billion deficit, and the growing profits being reported by the oil industry. Suncor, Canada's largest oil and gas company, reported yearly profits of $4.3 billion, while Imperial Oil, which is 70% owned by U.S.-based ExxonMobil, made profits last fiscal year of $3.37 billion, the second largest in its record.

URLhttp://s3-us-west-2.amazonaws.com/parkland-research-pdfs/misplacedgenerosity2.pdf
Locational Keywords

Athabasca Oil Sands Region (AOSR)

Active Link

http://www.worldcat.org/oclc/812928156

Group

OSEMB

Citation Key52913

Enter keywords or search terms and press Search

Search this site


Subscribe to the site

Syndicate content

Bookmark and Share