Morning business file:
Published: Wednesday, January 10, 2007
FORT McMURRAY — Fort McMurray, in Canada’s western oil-sands belt, is so rich it’s known as Fort McMoney. Yet local officials are pleading for government handouts.
“Even if we doubled taxes for every ratepayer, we still wouldn’t be able to achieve all that we need,” says Melissa Blake, mayor of the sprawling Alberta municipality of Wood Buffalo, which includes the urban center of Fort McMurray.
Oil-sands investments of more than $50 billion have brought in swarms of workers. The result: Roads, schools, water supplies and other services in Fort McMurray can’t keep up. The city says its population will almost triple to 100,000 by 2012 from 1996, when oil-sands investments started taking off.