Calderon Announces Plan For Mexico To Voluntarily Cut Their Emissions 50 Million Tons/Year

[hatrack]

Can't wait to see how that works out . . . maybe they'll just use the Cantarell collapse?

MEXICO CITY (Reuters) - Mexico will voluntarily cut its greenhouse gas emissions by 50 million tons a year by 2012, President Felipe Calderon said on Friday. The cut represents approximately 8 percent of Mexico's emissions, according to the environment ministry.

The country, the second-largest emitter of greenhouse gases in Latin America, accounts for about 1.5 percent of the world's emissions of greenhouse gases.

Mexico is a signatory to the Kyoto Protocol but is not among the nations obliged to reduce emissions under the treaty. The emissions cuts will come from more efficient cars and power plants and reductions in gas leaks and flaring by the oil industry, Calderon said.

Mexico's state-run oil industry is a major emitter of greenhouse gases. Emissions jumped 25 percent in 2008 to 54.9 million tons due to increased natural gas flaring and venting, according to state oil company Pemex.

EDIT

http://www.reuters.com/article/GCA-GreenBusiness/idUSTRE5546Q820090605