Canadian Manufacturers & Exporters

Canadian Manufacturers & Exporters

July 09, 2008 17:26 ET

Alberta's Green Plan Good for Business and the Environment, Says CME

EDMONTON, ALBERTA--(Marketwire - July 9, 2008) - Canadian Manufacturers & Exporters (CME) welcomed yesterday's announcement by the Alberta government that it would invest $4 billion to reduce greenhouse has emissions, noting that it shows the Alberta government is delivering on its commitment to reduce GHG emissions.

Half of the funds announced today will go towards carbon capture and storage (CCS) projects, with the other half invested in public transit. "This plan shows the Alberta government understands the economics of climate change," notes Brian McCready, CME's Alberta vice president. "To achieve significant emission reductions, we must provide businesses and consumers with alternatives - in fact, it's the only way we can reduce emissions without damaging the economy."

Investing $2 billion to advance CCS projects will not only help improve Alberta's environmental performance in coal-fired electricity generation and oil sands extraction, but should position Alberta as a world leader in this new technology. Made-in-Alberta applications could then be exported around the world, thereby helping reduce greenhouse gas emissions in other oil-extracting countries. "This common-sense strategy is both good for business and the environment," adds McCready.

Alberta's $2 billion investment in public transit will also help provide commuters with alternatives. CME encourages the Alberta government to leverage this investment to enhance business opportunities for Canadian industry. By mandating domestic content levels, Alberta would be following the lead of our main trading partners and provide Canadian suppliers with a level playing field.

Contact Information

  • CME
    Jeff Brownlee
    Vice President Public Affairs
    613-238-8888 ext. 4233