It will “hurt the economy”, eh? He probably means his personal economy. The problem isn’t going away and the country’s economy will probably be hurt worse the longer it takes the oil-mongers in Washington (DC) to realize that there won’t be one to hurt before too long. Then again, the oil-mongers will probably be dead first and if there’s one constant among politicians it’s the “I’ll Be Dead by Then so Who Cares” philosophy.
Wired News: Bush ‘Flat Wrong’ on Kyoto
The Canadians and others also saw Montreal as an opportunity to draw the outsider United States into the emission-controls regime, through discussions under the broader 1992 U.N. climate treaty.
But the Americans have repeatedly rejected the idea of rejoining future negotiations to set post-2012 emissions controls. The Canadians continued to press for agreement early Friday, offering the U.S. delegation vague, noncommittal language by which Washington would join only in “exploring approaches” to cooperative action.
While rejecting mandatory targets, the Bush administration points to $3 billion-a-year U.S. government spending on research and development of energy-saving technologies as a demonstration of U.S. efforts to combat climate change.