Canada withdraws from Kyoto Protocol, report says

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-Pastor-Dale-Morgan-

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Dec 12, 2011, 5:52:52 PM12/12/11
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Perilous Times and Climate Change

Canada withdraws from Kyoto Protocol, report says


    NewsCore
    December 13, 2011 9:21AM

CANADA is set to announce it is formally withdrawing from the Kyoto accord to tackle climate change, Canada's CBC reported today.

The move is aimed at saving the Canadian government an estimated $7 billion in environmental penalties, the broadcaster said.

The government says it has no choice given Canada's economic situation, the report said.

Environment Minister Peter Kent said today that Canada was invoking the legal right to withdraw from the pact.

Canada, joined by Japan and Russia, said last year it will not accept new Kyoto commitments, but renouncing the accord is another setback to the treaty concluded with much fanfare in 1997.

No nation has formally renounced the protocol.

The protocol, initially adopted in Kyoto, Japan, in 1997, is aimed at fighting global warming.

Canada's previous Liberal government signed the accord but Prime Minister Stephen Harper Conservative government never embraced it.

Harper's Conservative government is reluctant to hurt Canada's booming oil sands sector.
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