By rdnewsNOW Staff

Live Question And Answer

Albertans invited to discuss the Heritage Fund

Nov 23, 2021 | 2:14 PM

The Legislative Assembly of Alberta’s Standing Committee on the Alberta Heritage Savings Trust Fund is inviting all Albertans to its online annual public meeting on Thursday, Nov. 25, from 7 to 9 p.m.

“The Fund is an investment in our province’s future,” said Garth Rowswell, MLA for Vermilion-Lloydminster-Wainwright and Chair of the Committee. “The public meeting is an opportunity for the Committee to engage with people from across the province about Alberta’s main long-term savings fund and its relevance both now and for future generations.”

Live question-and-answer session

Provincial officials say the meeting will include an update on the Fund’s performance by experts from Alberta Treasury Board and Finance and the Alberta Investment Management Corporation (AIMCo) and will be followed by a question-and-answer session, where Albertans can pose questions to officials and the Committee via telephone at 1.888.892.3255 code 489262, through social media (Facebook and Twitter using #abheritagefund) or by email (Committee.Admin@assembly.ab.ca).

Please note the telephone number will only be active during the meeting on Thursday, Nov. 25, from 7 to 9 p.m. An online submission form is also available on the committee webpage at assembly.ab.ca/assembly-business/committees/HS.

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Members of the public can watch live on Alberta Assembly TV, online at assembly.ab.ca or via the Legislative Assembly’s social media channels. There will be no public in-person attendance during the 2021 meeting as the public galleries in the committee rooms are temporarily closed.

About the Alberta Heritage Savings Trust Fund

The Alberta Heritage Savings Trust Fund was created in 1976 with savings from Alberta’s non-renewable resources. For more than 40 years the Fund has been invested with the aim to deliver the greatest financial returns for Alberta. While the Fund is required to keep pace with inflation by retaining a portion of its net income every year, additional income earned by the Fund has been used to diversify the economy and meet current needs. Since its inception it has contributed more than $46.2 billion to support spending in areas such as health care, education, infrastructure and social programs. For more information about the Fund, including copies of its most recent quarterly and annual reports, visit Alberta Heritage Savings Trust Fund.

About the Standing Committee on the Alberta Heritage Savings Trust Fund

The Standing Committee on the Alberta Heritage Savings Trust Fund reviews the quarterly reports of the Fund, approves the Fund’s annual report and reports to the Legislative Assembly on whether the mission of the Fund is being fulfilled. The Committee is also required to hold an annual public meeting with Albertans on the Fund’s investment activities and performance. Visit assembly.ab.ca/assembly-business/committees/HS for details.