However, as the failure of the AHSTF indicates, the creation of a Norway-style trust fund would fall out of step with Alberta's historically populist political culture.
(21.) A similar initiative launched in neighboring province Saskatchewan (which produces significant quantities of oil, potash, and uranium) suffered the same fate as the AHSTF. The Saskatchewan Heritage Fund ultimately amounted to little more than a "flow-through account" because up to 80 percent of its nonrenewable resource-oriented deposits could be transferred to government general revenues.
(23.) The AHSTF currently holds $18 billion (Alberta Treasury Board and Finance 2016).