Amazon Nova AI generated the following response to the above question:

Each year how much revenue does the oilsands of Alberta generate for the governments of Alberta and Canada?

Annual Revenue from Alberta's Oilsands

The oilsands of Alberta generate substantial revenue for both the Alberta and Canadian governments. According to recent data, the oilsands sector contributes approximately $9 billion to $10 billion annually to government revenues across the country.

Alberta Government Revenue

For the Alberta government, the oilsands contribute significantly to the provincial budget. In the 2024-25 fiscal year, Alberta ended with an $8.3 billion surplus, largely driven by higher revenues from oil royalties and taxes. The province collected $19.2 billion in resource royalties during the 2023–24 fiscal year, with a notable increase in bitumen royalties due to the Trans Mountain pipeline expansion.

Canadian Government Revenue

The oilsands also contribute to the Canadian government's revenue. The sector has contributed an estimated $195 billion to $210 billion over the last two decades, averaging about $9 billion to $10 billion per year. This contribution is expected to grow, with projections indicating that Canadian government revenues from the oil sands could rise to US$19.4 billion by 2050.

In summary, the oilsands of Alberta are a significant source of revenue for both the Alberta and Canadian governments, contributing billions of dollars annually to their respective budgets.

Sources +4