15 December 2011
Canada announces exit from Kyoto Protocol
One day after the end of the UN Climate Talks in Durban, Canada declared that it would make use of its right to withdraw from the Kyoto Protocol. Under the provisions of the Kyoto Protocol, Canada must formally give notice of its intention to withdraw by the end of this year or else face penalties after 2012, which could amount up to 14 billion USD.
Source: www.nytimes.com – Canada Announces Exit From Kyoto Climate Treaty