Extracted Carbon

January 2017 Extracted Carbon Re-examining Canada’s Contribution to Climate Change through Fossil Fuel Exports Marc Lee This paper is part of the Corporate Mapping Pro- About the Author ject (CMP), a research and public engagement ini- Marc Lee is a senior economist in the B. C. office of the tiative investigating the power of the fossil fuel in- Canadian Centre for Policy Alternatives (CCPA). [...] The CMP is jointly led by the University of 2009 to 2015, Marc directed the CCPA’s Climate Jus- Victoria, Canadian Centre for Policy Alternatives tice Project, and he is part of the research team for the and the Parkland Institute. [...] The opinions and recommendations in this report, and any errors, are those of the authors, and do not necessarily reflect the views of the funders of this report. [...] Extracted Carbon 5 Living within a carbon budget Signatories to the Paris Agreement committed to “holding the increase in the global average temperature to well below 2°C above pre-industrial lev- els and to pursue efforts to limit the temperature increase to 1.5°C above pre- industrial levels” (Article 2). [...] It requires us to take action all around the world.”—Prime Minister Justin Trudeau1 “I’ve said many times that there isn’t a country in the world that would find billions of barrels of oil and leave it in the ground while there is a market for it.”—Prime Minister Justin Trudeau2 With the Claim “Canada is back,” the new Trudeau government helped usher in the Paris Agreement on climate change in Dec