Six principles are outlined, one of which relates to the Oil Sands: "Canada’s oil sands development puts our country in a difficult position, since no other industrialized country faces a situation where it has such a large sector poised for rapid emissions growth. Oil sands will account for close to half (44 per cent) of the projected increase in total Canadian emissions between 2006 and 2020 in a “business-as-usual” scenario, and virtually all (95 per cent) of the projected increase in industrial emissions. The oil sands emissions must not be allowed to expand at this rate or corner the market on allowances to achieve this. The impact on the rest of the economy could be devastating, effectively driving other carbon intensive industries out of business."
