Al Gore Won’t Be Happy: Canada May Quit Global Climate Treaty
Posted By Vicki McClure Davidson on December 3, 2011
Canada is considering backing out of the costly Kyoto Protocol, which could save the nation more than $6 billion in not paying for carbon offset credits. Of the 191 international signatories to the agreement, Canada would be the first to quit.
Al Gore must be frothing at the mouth…
Reported by Bloomberg, Canada May Miss $6.7 Billion Carbon Offset Bill by Exiting Kyoto Protocol:
Canada, the country furthest from meeting its commitment to cut carbon emissions under the Kyoto Protocol, may save as much as $6.7 billion by exiting the global climate change agreement and not paying for offset credits.
The country’s greenhouse-gas emissions are almost a third higher than 1990 levels, and it has a 6 percent CO2 reduction target for the end of 2012. If it couldn’t meet its goal, Canada would have to buy carbon credits, under the rules of the legally binding treaty.
Canada, which has the world’s third-largest proven oil reserves, would be the first of 191 signatories to the Kyoto Protocol to annul its emission-reduction obligations. While Environment Minister Peter Kent declined to confirm Nov. 28 that Canada is preparing to pull out of Kyoto, which may ease the burden for oil-sands producers and coal-burning utilities, he said the government wouldn’t make further commitments to it.
[...]
Unlike countries such as Germany, Canada has implemented no policy to reach its targets and will find it difficult to reach even the Copenhagen Accord goals, said Greenpeace’s Stewart.
Already 60 percent of the country’s electricity is generated by hydroelectric power plants, which emit fewer gases than coal or natural gas, while the government’s plan to become an energy superpower by exporting crude oil from Alberta’s oil sands means the country faces “steep” increases in emissions in the coming years, Stewart said.
Gore’s head may explode from this announcement… reported by Jason Hart at Big Government, Global Warming Alarmism on Thin Ice?:
The Register reports on a study from the December issue of Science:
By analysing ancient algae found in deep-sea core samples, Professor Matthew Huber and his colleagues determined that the mile-thick ice which now covers the south polar continent formed around 34 million years ago. At that stage the atmosphere held much more CO2 than it does now, some 600 parts per million (ppm) as opposed to today’s level of 390 ppm.
Although the Antarctic ice sheet formed while CO2 levels were more than 33% higher than today, Washington spends heaps of cash on CO2-reduction boondoggles each year.
From Financial Times: Under water: Cult British street artist Banksy passes judgment on the failure of the Copenhagen summit to reach a legally binding accord.
About the author
It seems common sense is slowly returning to Canada… Thanks, Stephen Harper, for giving me a reason to feel patriotic.