Ever since the latest IPCC conference where most of the predictions and models (presented in the Fourth Assessment Report titled Climate Change 2007 (IPCC-AR4, 2007)) have been seriously questioned (read this report from the NIPCC), the present financial crisis has brought up the short-term and narrow-minded approach on Climate Changes.
The only true recipe to solve the present financial crisis is to foster and nourish a positive and sustainable growth.
A country symbol of financial reforms, careful public spendings, economic growth and up to yesterday green economy has reached a critical cross-road: sustain growth or green policies?
The country is Canada, where the economic growth has been largely supported by the development of the oil sand fields in the region of Edmonton.
Picture yourself looking over uncontamined lakes and green mountains;
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| (pictures are not referred to the same locations and are posted only a examples) |
Close your eyes and all of a sudden everything is turned barren because lakes a now acid pits.
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| (pictures are not referred to the same locations and are posted only a examples) |
Oil extracted by oil sands is profitable only with oil prices above 100USD per barrel. Canada and Venezuela are the main countries with such resource. Canada itself has estimated potentials equivalents to those of Saudi Arabia, with standard oil wells.
In addition, it is worth reminding that as the US in Wyoming, Canada enjoys the same Carbon fields to be exploited as fuel for power generation.
Well, here is a resolution that the Canadian Goverment is going to take to support growth: Exit the Kyoto Agreement (cfr on Bloomberg.com) saving 6.7B USD.
Another myth of the past years has bitten the dust: Canada is not a Green Country!
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