Hugh Pickens writes writes "Canada will become the first country to formally withdraw from Kyoto protocol on climate change dealing a symbolic blow to the troubled global treaty as Canada's Environment Minister Peter Kent says Canada would be subject to enormous financial penalties under the terms of the treaty unless it withdrew. "Kyoto, for Canada, is in the past," says Kent. "We are invoking our legal right to formally withdraw from Kyoto.” Conservative party leader Kent says the Liberals should not have signed up to a treaty they had no intention of respecting and says Ottawa backs a new global deal to cut emissions of greenhouse gases, but insists it has to cover all nations, including China and India, which are not bound by Kyoto’s current targets. Kent adds that meeting Canada's obligations under Kyoto would cost $13.6 Billion: "That's $1,600 from every Canadian family — that's the Kyoto cost to Canadians, that was the legacy of an incompetent liberal government". Kent's announcement came just hours after negotiators in Durban managed to thrash out an agreement at the very last minute — an agreement to begin a new round of talks on a new agreement in the years ahead. "Staying under 2C will require drastic, immediate action — with global emissions peaking in the next five years or so," writes Brad Plummer. "The Durban Platform, by contrast, merely prods countries to come up with a new agreement that will go into effect no later than 2020.""