Mr. Speaker, this week marks the one year anniversary of the signing of the Kyoto protocol regarding Canada's commitment to reduce greenhouse gases by 25% by the year 2010.
This is one of the most important economic issues facing Canada, yet the government still has no economic analysis of what that reduction will mean to Canadians. Independent studies show that the cost will be staggering and that Canada will be more adversely affected than almost any other developed country.
Last month negotiations in Buenos Aires failed to resolve critical issues such as mechanism for the implementation or signing on of developed countries.
The reality is we signed on to a bad deal for Canada. The environment minister agreed to reductions without knowing what they meant in economic terms and there is little hope that the reductions agreed to will be met.
Once again the government has given Canada a black eye on the international stage.