Canada will formally withdraw from the Kyoto Protocol on climate change, the minister of the environment has said. The environment minister said that the protocol "does not represent a way forward for Canada" and the country would eventually face huge amounts of fines for failing to meet the limits set by the protocol.
Technically, to pull out support from the protocol was allowed and legal. But Canada was the first nation to make an exit in this global treaty, the protocol officially adopted in Kyoto, Japan in 1997 in efforts to fight global warming.
The reason for pulling out in the treaty is that Canada's obligation due to their failure to limit their emissions would be around $13 billion. That would cost $1600 for every Canadian Family. So instead of paying this huge amount of money, they decided to pull out so that they can uplift their economy by generating jobs. They also said that greenhouse emissions would still continue to rise because two of the world's largest polluters, the US and China is not covered by the protocol.
However, Beijing criticized Canada's move and said that "it went against the efforts of the international community and is regrettable."
Canada also declared four years ago that they don't have any intention of meeting their Kyoto Protocol commitments and its annual emissions have rise by about a third since 1990.
Source: http://www.bbc.co.uk/news/world-us-canada-16151310
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