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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Squandered: Canada's Potash Legacy

Squandered: Canada's Potash Legacy

Cline, Eric

Paperback

General Political Science

ISBN10: 0889779694
ISBN13: 9780889779693
Publisher: University of Regina Press
Published: Mar 19 2024
Pages: 176
Weight: 0.60
Height: 0.70 Width: 5.80 Depth: 8.90
Language: English

An exposé of the reality of Saskatchewan's potash industry management--prioritizing private profit over public interest

A single province in Canada--Saskatchewan--is blessed with a remarkable birthright: 50% of the world's potash reserves.

Potassium is a necessary ingredient of the fertilizer required to feed a growing world population. Accordingly, prices and corporate profits have soared to unprecedented levels in recent decades. While other countries such as Saudi Arabia and Norway have taken steps to capture the value of their natural resources for their people, Saskatchewan has failed to leverage the value of its potash and has given much of it up for an inadequate price.

Billions of dollars of forgone revenue has resulted in tax unfairness, program underfunding and malfunction, and a growing and worrying divide between the affluent and the very poor. Analysts from across the political spectrum have identified this revenue problem, as well as a straightforward solution. Unfortunately, the Saskatchewan government has declined to review the situation and instead seems to rely upon the advice of the industry itself. The province now faces the game-changing issue of how to tax appropriately the small number of multinational conglomerates that now own these potash mines. Whether or not the province obtains reasonable value for its potash will determine whether Saskatchewan will be a place of opportunity for all of its citizens or continue on a path of wealth for a few and extreme poverty for many.

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