CALGARY — Alberta will spend $4 billion over the next decade on green projects, including public transit and storage of carbon dioxide emissions that cause global warming.
A new $2 billion fund is being created for public transit projects across Alberta, which Premier Ed Stelmach says will also reduce emissions because it will mean fewer vehicles on the road.
Another $2 billion will be used to finance several major projects to capture carbon dioxide for permanent underground storage.
“The money comes from what we expect will be a larger surplus this year than forecasted,” the premier announced Tuesday.
“It’s being invested for the future in a way that will help Alberta take meaningful action on climate change without endangering jobs, the economy or our ability to support public services.”
Alberta has been under growing pressure across North America and around the world to reduce emissions from the oilsands, which some environmental groups describe as a dirty source of energy.



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