The Kyoto Protocol is the only existing international policy tool with clear targets to
reduce greenhouse gas (GHG) emissions. Therefore, it is the only effective way to
reduce our dependence upon fossil fuels and embark on a new development path with
the cooperation of business, government and society.
However, Canada is falling well behind on its commitment to reduce greenhouse gas
emissions to 6 per cent below 1990 levels. In fact, emissions have soared to more than
24 per cent above 1990 levels. As the world consumes about two barrels of oil for every
new barrel it finds, Canada's position becomes increasingly vulnerable with the
mounting economic, ecological, social and health costs associated with oil dependency.
