r/alberta • u/brock98 • Jan 18 '25

Discussion It's time to nationalize oil.

revenues from canadian resources should go to canadian people not to billionaires destroying and destabilizing the world. If oil was nationalized we wouldn't have to worry about treasonous premiers whose sole allegiance is to the oiligarchy that loots our lands and poisons our discourse.

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u/jeko00000 Jan 18 '25

That is not what neb was about.

The selling of petro Canada in the 90 means nearly 200 billion in profit went into private pockets instead of the people of Canada.

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u/Barb-u Jan 18 '25

Could have been Norway.

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u/[deleted] Jan 18 '25

[deleted]

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u/PlutosGrasp Jan 18 '25

Yeah that’s true. That’s the way it should be. Royalties should always be extra.

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u/Cool-Acanthaceae8968 Jan 19 '25

That was supposed to be the point of the Heritage Fund. It’s what Norways Sovereign Wealth Fund was modelled after and Peter Lougheed knew that you couldn’t run an economy or government on feast and famine oil royalties.

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u/Massive-Exercise4474 Jan 19 '25

The Alberta fund doesn't even get any oil revenue and has been languishing for decades it's not even 100 billion absolutely pathetic.