Climate Change

" And thank you well 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."

" There's -- 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 -- climate change conference in Copenhagen. There are wide differences between Democrats and Republicans over the energy bill the house narrowly passed in June so this --"

" Not an energy bill. This big cap and trade bill this that he 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. Achieved the final resulting couldn't -- in terms often you do it legally binding treaty which grew into all diesels."

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

" The multi trillion dollar impacts. On the American economy yet there are those around the world you 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 grew 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 once paid for cleaner energy production but the question is how much."

" The developing well essentially -- 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 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 -- health reform debate the last thing President Obama needs is to be accused of supporting another tax increase. At the White House Wendell Goler but."