"Let me give you the two bottom lines of this plan: there will be no carbon tax and the money will stay in Alberta," he told the crowd. "If there is a place in the world where there is much to gain in bringing the environment and the economy together, it is Alberta."
While the Liberal environment policy would penalize industries that don't reduce emissions, the money would remain in the province to pay for research, he explained.
"High calibre research institutions like the University of Alberta and the Edmonton Research Park have the potential to become ground zero for a revolution in environmental innovation."
Alberta companies and universities could also make money by creating new ways to reduce emissions, he said.
"If we make Fort McMurray sustainable, we can export that know-how to the world, and by cutting megatonnes of emissions, we are going to make megatonnes of money."
I have always found the Liberals carbon fee plan politically clever. It also has the potential to be pretty good policy. I think they could do without the “megatonnes” of money line though.