Coal port likely first local casualty of carbon emissions agreement

Photo from Fraser Surrey Docks website It seems unlikely that a coal export facility will ever be built at Fraser Surrey Docks, given the recent global agreement on how to reduce carbon emissions and China`s stated objective of reducing the amount of coal it burns to provide electricity. Canada is among the 195 countries signing on to a worldwide plan to reduce carbon emissions, and attempt to keep global temperatures from rising. The accord, reached in Paris after two weeks of intensive talks, calls for significant reductions in emissions from coal, natural gas and oil. It also calls for preservation and replanting of forests, transparency and regular five-year reviews of how countries are progressing, and an unspecified but significant subsidy from richer countries to poorer ones. The new federal Liberal government wants to move forward and have an implementation plan in place, together with the provinces, in 90 days. Thus this accord will have a very significant eff...