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Alberta promises C$1 billion in flood funding, won't balance budget

2013-06-25 00:34:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Alberta Premier Alison Redford on Monday promised C$1 billion ($950 million) in initial funding to help pay for damage caused by major flooding this past weekend, and said the oil-rich province would no longer be able to balance its operating budget this year. Redford said funding was a preliminary contribution to pay for the initial cost of cleaning up the floods in southern Alberta that began last week and for those that affected the oil sands center of Fort McMurray earlier this month. The...

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