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Discusses the outlook for emissions credit-trading under the proposed Kyoto climate control treaty in Canada. Requirement for Canada to reduce its carbon dioxide output under the treaty; Concern of Canadian petroleum producers that they will be put out of business by European competition due to European emission credits; Proposal of a power transmission grid in Manitoba which would link its hydro development sites to other provinces.

Discusses the ways that Alberta and British Columbia are preparing to protect their economies from federal climate controls. Claims of John Manley that Canada's potential failure to meet emissions targets would not matter; Idea that Manley has contradicted the wording of the Kyoto convention on climate change; Non-compliance of nations within the agreement which would cause them to lose the right to trade emissions credits internationally; Admission of the World Wildlife Fund that there is less enforcement with an environmental agreement than with a trade agreement.