A column by Jeffrey Simpson in the Globe and Mail got me thinking about climate calculus.
Here’s an excerpt:
“One line item in every Alberta budget shows how the miracle unfolds: non-renewable energy resources. Last year, Alberta took in $8.6-billion in personal income taxes, $3.6-billion in corporate income taxes, $3.8-billion in “other” revenue, $4.7-billion in federal transfers and $8.3-billion in resource revenues. In other words, oil and gas revenues (about half of which – $4.1-billion – came from tar sands oil) poured almost as much money into the Alberta treasury as personal income taxes. What provincial government wouldn’t love that?”
Alberta’s government took in as much revenue in oil and gas revenues as it did personal income taxes.