A federal carbon tax or cap and trade system has been rejected by Albertans in the past. In that context the Alberta government imposed a carbon tax forcing companies that emit more than 100,00 tons of greenhouse gases annually to either reduce CO2 emissions per barrel by 12%, pay $15 per tonne into a technology fund or buy an offset against total emissions. The money remains in Alberta. With that background, Raj Sherman, Leader of the Alberta Liberal Party, has revealed a plan, which he says, which would generate $1.8 Billion for research and green transportation initiatives. The plan would be based on actual emissions.
"This announcement is a visionary announcement to green our economy
(and) help improve Alberta's reputation with respect to carbon. Half of the money goes back to industry, to retool industry, to make
sure they deal with their carbon issues, and half of it goes to green
transportation for Alberta municipalities. What does that mean for
Edmonton and Calgary? Three hundred mil-lion dollars a year that they
can use for LRT or green transportation," said the Liberal leader.