Despite frequent calls by activists and politicians to diversify Alberta’s economy, a recent study finds that the oil and gas sector does not dominate the province’s economy. On the contrary, its economy is as diversified as the rest of Canada’s provinces. “Demands for Edmonton to actively diversify the Albertan economy are often based on myths and a misunderstanding of the status quo,” said study co-author Ben Eisen, a senior fellow with the Fraser Institute, in a press release on March 10. The study, titled “Four Myths about Economic Diversification in Alberta,” examines the commonly held notion that Alberta’s economy and public finances are largely dependent on natural resources, and that the government is capable of implementing top-down policies that would reorient the province’s economy toward other sectors. “Despite misperceptions, oil and gas production in the province does not dominate economic activity or employment in Alberta to the point that the …