Tax changes struck a major blow to the province’s business climate.
Alberta's provincial government has dramatically increased personal and corporate income taxes.
The Alberta government plans to cap greenhouse gas (GHG) emissions in the province at 100 megatonnes (Mt) annually.
Alberta’s first-quarter fiscal update now expects the province’s operating deficit this year will be $10.9 billion.
If producers reduce the emissions intensity of oilsands production by a modest amount, production losses may total two billion barrels of oil between 2027 and 2040.
Alberta’s unemployment rate climbed to 8.6 per cent in July—the highest rate since 1994.
Well-designed consumption taxes, of which sales taxes are one type, are much less damaging.
Alberta's overall net financial assets deteriorated by $9.2 billion last year.