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Posted AT 5:55 PM EST on 08/07/08

Alberta to spend $4-billion for emissions cuts

Reuters

CALGARY — The Alberta government said on Tuesday it will put $4-billion into two funds that will be used to pay for carbon capture and storage programs and to boost use of public transit to cut the province's carbon-dioxide emissions. The province said it will set aside $2-billion in each of the two funds, with the cash coming from its budget surplus for this year – a figure last pegged at $1.

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