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How $3B fund will be used remains ‘a black hole’ in climate change strategy – Calgary Herald

by ahnationtalk on November 25, 2015397 Views

November 24, 2015

The lack of detail surrounding the NDP government’s plans for the massive fund it expects to generate from its carbon tax had critics calling it a “black hole” and a “slush fund” Monday.

All opposition party leaders were concerned about the lack of information about the climate change fund that is expected to grow by $3 billion annually as a result of the government’s decision to put a price on carbon — $20 a tonne beginning Jan. 1, 2017, and $30 a tonne beginning Jan. 1, 2018

Alberta Party Leader Greg Clark said he has a lot of questions about the fund that is expected to grow to $5 billion a year by 2030.

“There needs to be some real tight controls over that $3 billion to make sure it doesn’t turn into a slush fund,” he said.

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