By Bill Graveland THE CANADIAN PRESS CALGARY- The Alberta government is promising $125 million over five years to protect communities against flood and drought. The money was included in last week’s provincial budget and, if approved, can be used for projects like berms, flood walls and retention ponds. “Today, due to a strong El Nino not seen in seven years, we’re seeing warmer temperatures, coupled with even less precipitation,” Environment Minister Rebecca Schulz told a news conference Monday. “This has led to empty riverbeds and dangerously low reservoirs across our province. This is a serious situation and our government recognized we had to take immediate action.” Schulz said the Drought and Flood Protection Program will be application-based, with municipalities, improvement districts, special areas, Metis settlements and First Nations all eligible. At…