Sunday, November 03, 2019

Letter to the Edmonton Journal, Friday, November 2, 2019 (In Response to the October 24 Budget)

We have just one generation left in which to convert the Alberta Advantage (in non-renewable resource revenue) into a New Advantage built upon renewable and sustainable energy and human resources.
It is probably already too late to ever build the Heritage Trust Fund into what it should have been. But by sticking its head in the oilsands and deliberately ignoring the real problem (i.e. government’s continuing reliance upon the  energy-revenue roller-coaster, against the global backdrop of ecologically induced shifting demand and technologically induced over-supply), and ideologically pretending that the solution is simply one of cutting taxes and expenditures, this government risks squandering the few opportunities we have left to get our transition to the low-carbon economy right.
As a result, we may ultimately find ourselves no better placed to face the conditions of the mid-21st century than our neighbours in Saskatchewan and Manitoba. And that would be no “Advantage” at all.

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