Report calls on Alberta government to avoid another bitumen bubble

A recent report from the Parkland Institute calls on the Alberta government to take steps to prevent another bitumen bubble from occurring.

The report points out that during the 2005-2008 boom, most Albertans were worse-off. People were working longer without seeing a significant improvement in income, public services were struggling to cope and homelessness increased.

Currently the provincial government is focused on increasing production in the oil sands, regardless of the long-term cost. Instead, the report suggests the province would be better off controlling the pace of development and implementing measures to increase the benefit to Alberta.