View Single Post
Old 12-20-2016, 06:56 AM   #5599
Bownesian
Scoring Winger
 
Bownesian's Avatar
 
Join Date: Jul 2009
Location: Bowness
Exp:
Default

https://www.alberta.ca/climate-carbo...ng.aspx#p184s4

Quote:
Reinvesting in our economy

The carbon levy is the key tool that will pay for the transition to a more diversified economy. Over the next 5 years, the levy is expected to raise $9.6 billion, all of which will be reinvested in the economy and rebated to Albertans.

$6.2 billion will help diversify our energy industry and create new jobs:
  • $3.4 billion for large scale renewable energy, bioenergy and technology
  • $2.2 billion for green infrastructure like public transit
  • $645 million for Energy Efficiency Alberta, a new provincial agency that will support energy efficiency programs and services for homes and businesses
$3.4 billion will help households, businesses and communities adjust to the carbon levy:
  • $2.3 billion for carbon rebates to help low- and middle-income families
  • $865 million to pay for a cut in the small business tax rate from 3% to 2%
  • $195 million to assist coal communities, Indigenous communities and others transition to a cleaner economy
Bownesian is offline