EDMONTON - Premier Ed Stelmach is rejecting a new report that calls for a massive wealth transfer from Alberta and Saskatchewan as part of a plan to reduce Canada's carbon emissions.
Stelmach told reporters there won't be another wealth transfer to Ottawa under his watch.
The premier says the federal equalization program has already resulted in a net transfer of $117 billion from Alberta to Ottawa over the last decade.
The report, by the Pembina Institute and the David Suzuki Foundation, says Ottawa will have to drain billions of dollars from energy-rich Alberta and Saskatchewan through carbon levies to meet its greenhouse gas reduction targets.
But Stelmach says Alberta is suffering through a recession just like every other province and "you can't get blood out of a rock."
The premier says people should be talking about creating new technology to reduce emissions rather than just sending money to another jurisdiction through levies or carbon credits.