Do the oil profits even stay in Canada? Taxes maybe, but it’s not like the province owns the wells.
They get to "own" them when it's time to "clean them up" after they're abandoned by bankrupt shell corporations, that's for sure.
https://www.pgic-iogc.gc.ca/eng/1588343274882/1588355750048
https://www.cbc.ca/news/canada/calgary/abaondoned-oil-well-o...
https://www.thestar.com/news/canada/what-did-alberta-do-with...
https://www.theglobeandmail.com/business/article-more-than-1...
But Trudeau had it out for Alberta. Better off separating. Yep.
I think 70-80% of investors are down South, so not much stays here no. And jack shit goes into the heritage fund, just for aimco to throw away (sorry invest).