Canada faces Kyoto probe over greenhouse gases
Ottawa could be suspended from rights to trade carbon dioxide if found to be in breach of the rules by the enforcement branch of the UN's Kyoto Protocol. Greece was suspended in April, the first nation to face such a sanction under Kyoto.
“On May 5, 2008 Canada was given an official notification of the decision of the enforcement branch to proceed” with a formal question over Canada's compliance with rules on registering emissions, the enforcement branch said in a statement.
The enforcement branch, a panel of legal experts, had warned Canada in April that it risked scrutiny over alleged shortfalls in its greenhouse gas registry. It said Canada missed a January 1, 2007, reporting deadline by more than two months.
“A national registry is a computerized system used to track holdings of greenhouse gas credits, similar to the computerized accounting system of a bank,” it said.
Related News
The Need for Electricity During the COVID-19 Pandemic
WASHINGTON - Dominion Energy (D) expects "incremental residential load" gains as a result of COVID-19 fallout. Southern Company CEO Tom Fanning says his company is "nowhere near" a need to review earnings guidance because of a potential recession.
Sempra Energy (SRE) has reaffirmed earnings per share guidance for 2020 and 2021, as well timing for the sale of assets in Chile and Peru. And Xcel Energy (XEL) says it still "hasn’t seen material impact on its business."
Several electric utilities have demonstrated ability to tap the bond market to lock in low-cost financing, despite ongoing turmoil. Their ranks include Dominion Energy, renewable…
