I must admit that I dont know much about the Kyoto pact..so when I read that link, you cant choose to cut/paste certain parts of that report:
OTTAWA (Reuters) - Canada on Monday became the first country to announce it would withdraw from the Kyoto protocol on climate change, dealing a symbolic blow to the already troubled global treaty.
Environment Minister Peter Kent broke the news on his return from talks in Durban, where countries agreed to extend Kyoto for five years and hammer out a new deal forcing all big polluters for the first time to limit greenhouse gas emissions.
"Canada, a major energy producer which critics complain is becoming a climate renegade, has long complained Kyoto is unworkable precisely because it excludes so many significant emitters.
As we've said, Kyoto for Canada is in the past ... We are invoking our legal right to formally withdraw from Kyoto," Kent told reporters.
The right-of-center Conservative government of Prime Minister Stephen Harper, which has close ties to the energy sector, says Canada would be subject to penalties equivalent to C$14 billion ($13.6 billion) under the terms of the treaty for not cutting emissions by the required amount by 2012.
"To meet the targets under Kyoto for 2012 would be the equivalent of either removing every car truck, all-terrain vehicle, tractor, ambulance, police car and vehicle off every kind of Canadian road," said Kent.
Environmentalists quickly blasted Kent for his comments.
"The writing on the wall for Kyoto has been recognized by even those countries which are engaging in a second commitment," he said. Kyoto's first phase was due to expire at the end of 2012 but has now been extended until 2017.
Kent said Canada would work toward a new global deal obliging all major nations to cut output of greenhouse gases China and India are not bound by Kyoto's current targets.
-The Conservatives took power in 2006 and quickly made clear they would not stick to Canada's Kyoto commitments on the grounds it would cripple the economy and the energy sector.
Canada is the largest supplier of oil and natural gas to the United States and is keen to boost output of crude from Alberta's oil sands, which requires large amounts of energy to extract.
The Canadian Association of Petroleum Producers (CAPP) said all major emitters had to agree to cuts so that Canada did not put itself at a disadvantage.
Canada's former Liberal government signed up to Kyoto, which dictated a cut in emissions to 6 percent below 1990 levels by 2012. By 2009 emissions were 17 percent above the 1990 levels, in part because of the expanding tar sands development.
Kent said the Liberals should not have signed up to a treaty they had no intention of respecting.
The Conservatives say emissions should fall by 17 percent of 2005 levels by 2020, a target that CAPP president David Collyer said would oblige the energy sector to make sacrifices.
"It's a stretch and we'd be kidding ourselves if we said it wasn't," he told Reuters.
So based on the report, the decision to get out of Kyoto was in 2006 and if Canada will to stick with Kyoto, Canada has to pay a $14 billion penalty, for it cannot meet the emission amount required in this pact when India and China, 2 major emitters pays nothing?
Like I said earlier, I dont know much about the Kyoto pact but I think Peter Kent made a good call on this.. saving us the $14 billion ..
Last edited by damameke; 12-13-2011 at 04:08 PM.