Alberta threatens to drop out of equalization deal

[CHIMO]

EDMONTON — Alberta is threatening to drop out of the federal government's revenue-sharing deal with other provinces if energy income is included in the equalization formula.

Premier Ralph Klein says he's seeking a legal opinion to see if Alberta has the right to pull out, and says he'll fight "tooth and nail" against attempts by Quebec or other provinces to tap into Alberta's energy windfall.

"We will participate if the feds and the provinces conclude that there ought to be a 10-province standard," Mr. Klein said Wednesday. "But we won't participate if resource revenues are included."

The premier said the Constitution clearly states that Alberta has control and authority over its resources.

http://www.theglobeandmail.com/servlet/story/RTGAM.20060524.wequalization0524/BNStory/National/home

Gotta have an enemy. Wonder if he's planning a comeback?