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Message: <blockquote data-quote="Babagounj" data-source="post: 908602" data-attributes="member: 12952">Canada May Save $6.7B by Exiting Kyoto ProtocolCanada , 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. 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.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.</blockquote>