Canada has abandoned the Kyoto Protocol on global warming. According to the aforementioned report, Canada will save $14 billion in penalties for not achieving its Kyoto targets — targets that other nations in the Kyoto agreement seem unlikely to reach as well.
This decision by our neighbors to the north further begs the question as to why New Mexico would cap its own carbon emissions when the shift seems to be heading in the opposite direction.
Also, it continues the move by Canada towards economic freedom and away from socialism and big-government as illustrated in the Heritage Foundation’s Index of Economic Freedom. Yes, Canada has socialized health care which means that 1) American medicine isn’t that far from socialism already 2) Canada must be pretty damn free market outside of the health care sector.
Of course, Canada very much wants to produce oil from its tar sands. If Obama wanted to create jobs, he could have done so with the stroke of a pen by approving the Keystone XL Pipeline. Oh, and, at 7.4 percent, Canada’s unemployment rate is still significantly lower than the US rate of 8.6 percent in the US.
Seems like one country is moving in the right direction and the other is moving in the wrong direction!