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.