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Originally Posted by Fozzie_DeBear
My question remains what does this mean for Alberta? This matters a great deal because Provincial government policies will have a huge impact upon how Alberta will weather this upcoming disruption (whenever it happens). Lougheed had the right approach (investing in the Heritage fund and innovation). I hope Albertans take a look at the Wildrose, PC and NDP's long term economic development assumptions when they cast their vote in 2019.
In my mind, cutting taxes, shrinking government and focusing upon oil and gas is not good enough.
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IMO, taking the tax revenue from O&G and throwing it at solar and other renewables is pointless. That won't create jobs or change the economy. You can't manufacture an economy.
I think we should be investing more in growth industries, like AI. We need more infrastructure like the nano-technology building at the UofA - more money into high-end education. And tax incentives for businesses to hire and grow.