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Canada: First out of a sinking Kyoto ship?

For Canada, the cost of either meeting its commitments under the Kyoto Protocol, or failing to do so, was too much to bear.

On Monday, the country became the first signatory of the landmark climate treaty to back out of the deal, citing the huge potential cost of legally binding commitments.

Confirming the move, environment minister Peter Kent said to meet its obligations under the accord Canada would have to take every single vehicle off its roads.

"Every car, truck, ATV, tractor, ambulance, police car," he elaborated in a media briefing, before giving another equally unpalatable option of closing down the country's entire farming and agricultural sector and cutting heat to every home, building and factory.

If the country failed to do so, Kent said taxpayers would have to give $14 billion to other countries "with no impact on emissions or the environment." Read More

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