National CapitalApril 19, 2012
Countries like Norway are using this framework to understand how the “drawing down” of non-renewable natural capital (mostly their offshore oil reserves) leads to increases in other forms of capital in their society. This gives them a unique perspective on the long-term basis for their prosperity, and helps to justify some of the choices they are making in energy policy. Such a framework, and the information it provides to policy makers and to the general public, would be of great utility in the Canadian context.
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