http://www.cbc.ca/news/politics/story/2011/12/12/pol-kent-kyoto-pullout.htmlCanada is formally withdrawing from the Kyoto accord, Environment Minister Peter Kent said Monday.
The decision to do so will save the government an estimated $14 billion in penalties, Kent said. The Conservative government says it has no choice given the economic situation.
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The Kyoto Protocol, which expires next year, committed major industrial economies to reducing their annual CO2 emissions to below 1990 levels, while providing financial supports to developing nations to encourage them to follow suit eventually. Canada ratified the accord in 1997 but was not on track to meet its legally binding targets.
So, is the prevailing state of the economy more important than pesky environmental reforms and concerns? Is maintaining a sustainable environment for beyond the next generation a "luxury" that can be dropped at the sight of trouble?
Or is the Kyoto protocol simply short-sighted lip service that doesn't truly achieve anything save for scamming glorious nations such as yours truly's of justly earned funds?