BREAKING 🚨
Premier Smith says "transition costs for an independent Alberta could be as much as $400 billion."
2 studies have already been done. The London School of Economics says…
"In the Canada-Quebec case, cost estimates of institutional restructuring ranged from .40% to 1% of GDP."
https://t.co/b5RDtMrD1r
The Scotland independence debate is the most thoroughly researched modern case of a wealthy, developed region contemplating separation from a larger federation.
Professor Patrick Dunleavy of the LSE concluded that Scotland's voters could be relatively sure that total transition costs over a decade would lie in a restricted range, from 0.4% of GDP up to a maximum of 1.1%.
https://t.co/x3BeKQFIoq
Alberta's GDP is approximately $473.9 billion CAD (2024). Applying the research range directly:
0.4% of GDP = $1.9 Billion
1.0% of GDP = $4.7 Billion
1.1% of GDP = $5.2 Billion
@ABDanielleSmith is fibbing again!!