Canada wants North America cap-and-trade system

OTTAWA (Reuters) – Canada’s Conservative government, shifting positions in the wake of Barack Obama’s election as U.S. president, said on Wednesday that it would work to develop a North America-wide cap-and-trade system to limit emissions of greenhouse gases.

The Conservatives, who walked away from the Kyoto protocol on climate change after taking power in 2006, have until now focused on cutting the intensity of emissions rather than imposing outright curbs.

“We will work with the provincial governments and our partners to develop and implement a North America-wide cap-and-trade system for greenhouse gases,” the government said as it unveiled plans for the new session of Parliament.

Reuters