this post was submitted on 01 Mar 2026
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This is the issue with the Heritage Fund. When Peter Lougheed established it and started funding it, the funds were supposed to be put towards investments in other sectors of the provincial economy so that we didn't have to rely on the boom-bust oil cycle.
Premier after premier has failed to address the issue of the fund. We just hit $30 billion in the fund last year when the value in 1985 was $14 billion. We have done fuck all to diversify the economy here, it's been all talk, with the only action being backwards investments like a new AI data centre that'll end up costing more money than it's worth.