Daveberta Podcast

Why Sarah Hoffman is running for the Alberta NDP leadership

The former health minister shares her plans for health, climate, and housing

NDP MLA Sarah Hoffman joins the Daveberta Podcast to talk about why she is running for the Alberta NDP leadership and her plans for health care, climate, and housing.

We discuss Hoffman’s experiences as Minister of Health and chair of the Edmonton Public School Board, the NDP’s challenges in rural Alberta, the party’s focus on Calgary and it’s relationship with the federal NDP. We also chat a bit about the possibility of former Calgary mayor Naheed Nenshi entering the race to replace Rachel Notley.

The Daveberta Podcast is hosted by Dave Cournoyer and produced by Adam Rozenhart. This episode was recorded on March 1, 2024.

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Alberta Politics

How the Heritage Fund was launched

It was 1975 and Lougheed’s PCs were swimming in oil money like Scrooge McDuck

The Heritage Savings Trust Fund was front and centre in Premier Danielle Smith‘s pre-budget televised speech last week, so there’s a good chance Albertans are going to hear a lot about it when Finance Minister Nate Horner rises in the Legislative Assembly this afternoon to table the provincial government’s annual budget.

In her 8-minute address to Albertans, Smith said she wants to funnel oil and gas royalty revenues into the Heritage Savings Trust Fund to increase it to between $250 and $400 billion by 2050. A report to the Standing Committee on the Alberta Heritage Savings Trust Fund reported the fund had a market value of $21.6 billion in 2023.

Many Albertans know the patriotic version of the Heritage Savings Trust Fund story – a visionary rainy day bank account created in the 1970s by former premier Peter Lougheed meant to preserve Alberta’s oil wealth for future generations. But like many political stories that reach legendary status it is missing a lot of relevant historical context.