The Great Rethink: It’s time to reassess how our provinces manage natural resource wealth

Article content continued“Governments aren’t always effective in placing the money in the right spots,” he said. “The future wealth is disappearing because of incompetent management.”Oddly, Canada’s most disadvantaged communities follow the Hartwick Rule to the letter and, partly due to strict regulations, have turned physical assets into financial assets.The future wealth is...

Brookfield, Teachers part of consortium in US$10 billion Abu Dhabi pipeline deal

Two large Canadian institutional investors, Brookfield Asset Management and the Ontario Teachers’ Pension Plan, are part of a consortium paying US$10.1 billion for a 49 per cent stake in a pipeline subsidiary of the Abu Dhabi National Oil Company in the largest infrastructure deal in the world this year.The newly created subsidiary will have lease rights to 38 pipelines covering a total of...