Reuters

Already struggling with the soaring costs of developing the Alberta oil sands, Canada’s energy industry now also faces the prospect of tighter environmental controls regardless of which party wins the country’s upcoming general election.

The Globe and Mail

The future of environmentally friendly vehicle technologies – technologies for which the Los Angeles Auto Show has grown famous – is imperilled by the current global credit crisis, says Nissan Renault CEO Carlos Ghosn.

The Guardian

Solving climate change will be the most expensive public policy decision ever. Half-baked thinking won’t fix it now.

One commonly repeated argument for doing something about climate change sounds compelling, but turns out to be almost fraudulent. It is based on comparing the cost of action with the cost of inaction, and almost every major politician in the world uses it.

Policymakers, scientists and officials believe that it is likely for every global citizen to pay for climate change.

A new research published in the Proceedings of the National Academy of Sciences studied the environmental costs through degradation that richer countries impose on poorer countries. The study concluded that poorer nations subsidized the living standards of richer nations by more than $3 trillion between 1961 to 2000.