Unanswered questions about Kyoto...

Michel Kelly-Gagnon of the Montreal Economic Institute asks some good questions about Kyoto. Here's one for Environment Minister Stephane Dion.

2. On February 15, 2005, in the House of Commons, you said: "We will decrease megatonnes of CO2 and we will make megatonnes of money with it." You have made similar boasts elsewhere. Do you truly believe there are such grand economic opportunities and benefits associated with reducing emissions? Why then have so many reports from inside and outside government warned that implementing Kyoto would, in fact, cost billions of dollars? And if emission reductions are so profitable, why are regulations even needed to force businesses to undertake them?