Climate Change

" And thank you what the president says he will travel Copenhagen next month if his attendance will help to ensure clinch a deal. But his aides downplay the fact that he won't have signed a bill mandating greenhouse gas emission cuts by that. White House correspondent Wendell Goler reports."

" Two days after receiving an EPA report on how we would regulate greenhouse gases White House officials say they'd still rather congress deal with the issue."

" The Supreme Court order that. This is an issue that has to be dealt -- the president has said throughout this process that the way to deal with this is through legislation."

" The EPA report remains private but it's a reminder that president Obama's representative. -- lacked the authority to negotiate when he attends next month's climate change conference in Copenhagen. There are wide differences between Democrats and Republicans over the energy bill the house narrowly passed in June for the for."

" Not an energy bill. This big cap and trade bill this big huge tax increase."

" But even wider differences between the developed and developing world kept climate change negotiators from reaching an agreement Friday in the last meeting before Copenhagen."

" It is obvious that we can't you know. Achieve the final resulting couldn't patent in terms often you. Legally binding treaty which go into all details."

" Four countries say the seventeen to 20% greenhouse gas reduction in the house and senate bills envision isn't deep enough. Although some experts say even that could threaten economic -- growth."

" Multi trillion dollar impacts. On the American economy yet there are those around the world and say that's not enough."

" US officials -- China and India will account for 80% of the growth in greenhouse gases over the next twenty years. But developing countries say the west -- rich on cheap energy that polluted the atmosphere. Now India has more people living without electricity than the entire population of the European Union. The developing world wants paid for cleaner energy production but the question is how much."

" The developing world essentially wants hundreds of billions of dollars per year the developed world is offering up tens of billions loses a big god gap that hasn't been. Hasn't been married there in terms of being able to come up with an agreement. In Copenhagen."

" There is also no agreement where the aid money would come from British Prime Minister Gordon Brown suggested attacks on international financial transactions. But US officials quickly shot back down after the energy bill of health reform debate the last thing President Obama needs is to be accused of supporting another tax increase. At the White House Wendell Goler."