Following on from TeeVee Unlike Norway -- which keeps about 80% of oil revenues-- Alberta and Canada get little. Consider the following:
"...The oil and gas sector’s effective tax rate is just seven per cent.
Subsidies to the oil industry by both levels of government totalled $2.8 billion in 2008. Alberta received $2.1 billion, or 73 per cent, of those subsidies. Half of that subsidy money came from Ottawa.
Oil companies take as much as 65 per cent of total tar sands revenue; Ottawa captures a maximum of 10.6 per cent.
Ottawa’s only direct access to oil revenues is through the 15 per cent corporate income tax, a rate lowered from 28 per cent in 2000.
In 2010, Alberta collected just 11 per cent of the tar sands’ economic rent, or excess profit.
In January 2002, manufacturing made up 17.2 per cent of Canada’s GDP. By August, 2012, that figure had dropped to just 12.9 per cent.
Between 2002 and 2011, Canada lost 531,000 manufacturing jobs.
While Canada’s merchandise trade surplus fell into deficit in the last three years, Alberta’s rose from $23 billion in 2002 to $83 billion, dropping to $70 billion by 2011.
As the world oil boom was wreaking havoc on interprovincial equity, Ottawa was vitiating Canada’s constitutionally-entrenched system of equalization.
In December, 2011, Ottawa cut the federal formula for health transfers from six per cent annually to nominal GDP growth, estimated at roughly four per cent. This means provinces lose $36 billion..."
https://ipolitics.ca/2013/01/22/canadas-two-new-solitudes-one-wealthy-one-wanting/
Whose oil is it anyway? Who should benefit most?