How the funding breaks downThe biggest chunk of funding — about $440 million — will be targeted directly at the oilsands. Energy Minister Margaret McCuaig-Boyd said the measures are also aimed at expanding the marketability of Alberta's petroleum products as the world begins to transition to a lower-carbon economy. "When the world thinks about new and better ways to produce energy, we want them to think about Alberta," she said. Energy Minister Margaret McCuaig-Boyd speaks to reporters about her NDP government's plan to help improve the competitiveness of the province's energy industry. Many investors are now "demanding credible plans to fight climate change," McCuaig-Boyd said, and Alberta needs to not only keep up with the global shifts but get ahead of them.

Source: CBC News December 05, 2017 22:07 UTC