The fall sitting of the Alberta Legislature begins on Halloween. Government House Leader Brian Mason said the NDP government has ambitious plans including, jobs creation, economic diversification, climate change and education.
As for the jobs section Mason said the government will take steps to help struggling families.
“First, we are going to provide an update to Albertans on the measurable outcomes of the Alberta Jobs Plan so far. We’ll also be introducing legislation to encourage economic growth and to improve Alberta’s investment climate by introducing two new tax credits.
Those are the Alberta Investor Tax Credit which offers 30 per cent credit to investors providing venture capital to small businesses for research and development in a number of verticals.
The other is the Capital Investment Tax Credit, which returns 10 per cent toward the purchase of assets like machinery and buildings.
As for climate change, Mason said ignoring it is not an option, adding past administrations’ failure to act has been a mistake, one that the NDP refuses to make again.
“This fall we will continue passing legislation to bring our groundbreaking climate leadership plan to life. It’s a plan which diversifies our economy, and creates new jobs while protecting our energy industry, and it’s founded on the conviction that this province can be an environmental leader among energy producers.”
Mason said the government will introduce a new act, limiting oil sands emissions to 100 megatonnes a year. He added that this act will allow regulations to be developed based on the best available information, advise and practices while ensuring fair value for Alberta crude oil.
“We will continue to act with focus and determination on pipeline access so we can break our energy land-lock and increase returns to Albertans for the resources. At the same time the transition from coal to clean renewable power is a key part of our climate leadership plan.”