Cost of bad bets: Alberta savings pensions funds, ‘quarter from hell’

Gary Park

for Petroleum News

It was launched in 1976 full of hope that Alberta would build a piggybank “to save for the future, strengthen or diversify our economy and improve the quality of life for Albertans.” Labelled as the Alberta Heritage Savings Trust Fund, AHSTF, it was designed to capture surplus oil and natural gas re....

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Slush fund for governments

Public pension fund also down