The funds go by different names. To the north it's the Alaska Permanent Fund. To the east in Alberta it's the Heritage Fund. And, on the other side of the Atlantic, it's called the Norwegian Government Petroleum Fund.
In all three cases, big oil is behind the big funds. Not willingly, but as a result of conscious decisions by governments to hive off portions of the ballooning revenues generated by the exploitation of their oil and gas reserves and channel them into special funds that benefit local residents both today and tomorrow.
British Columbia has nowhere near the reserves of natural gas and oil that Alaska, Alberta or Norway has, but there are clearly a lot more revenues flowing from the province's northeast energy patch today than there were just five years ago. And if you go back 10 years, the increases are almost off the map.
Which has some wondering why the B.C. government isn't putting a sizable portion aside for a rainy day, or a future made $9 billion dollars more sustainable.
Here's the rest!
Note: Alaska Permanent Fund
Heritage Fund
Norwegian Government Pe...
Here

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"We can only see a short distance ahead, but we can see plenty there that needs to be done." - Alan Turing
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Dave Ruston
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"We can only see a short distance ahead, but we can see plenty there that needs to be done." - Alan Turing
As to whether gasoline would have been cheaper had NEP worked, I highly doubt it. The only way to get cheaper gasoline prices is to lessen dependency on it. We need alternate fuels to throw the market wide open. Of course, that means we need new engine systems as well......
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RickW
So the sooner we start appreciating each other the sooner we can head to the future stronger and develop good policies for everyone! We have a great country, not just great provinces, collectively we are the absolute best country in the World, separately we are just 10 provinces and 3 no- 4 territories.(Just formed a new one). Let's start thinking like winners instead of second rate, comparing ourselves to somebody else all the time, because frankly in my opinion, there is none to compare.
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If I stand for my country today...will my country be here to stand for me tomorrow?