This is a rush transcript from "Glenn Beck," February 1, 2010. This copy may not be in its final form and may be updated.

(BEGIN VIDEO CLIP)

PRESIDENT BARACK OBAMA: To create more of this clean energy jobs — it means passing a comprehensive energy and climate bill with incentives that will finally make clean energy the profitable kind of energy in America.

I'm grateful to the House for passing such a bill last year. And this year — this year, I am eager to help advance the bipartisan effort in the Senate.

(END VIDEO CLIP)

GLENN BECK, HOST: That is the president from the State of the Union. Bipartisan cap-and-trade. I really thought that was as dead as a cute cartoon polar bear in Al Gore movie. Yet, The Washington Examiner reports that the president now is writing the budget assuming that we will have the $650 billion over the next decade from cap-and-trade.

Wow.

So we are counting our chickens, not only before they hatch, but from a mother that hasn't even been born yet. What do they know that you and I don't know? How do you develop a budget on things you don't have?

Shady backroom activity is not exactly new to this process. Let's review all of the science. The schemes are based on from the U.N. climate arm, the IPCC. Ready for this?

We told you already about how their claims of melting glaciers were based on peer-reviewed science. I've been telling you — peer-reviewed science. But in an off-the-cuff comment with a magazine interview, this stuff has come undone.

Well, now, the head of the IPCC — I can't pronounce his name; I'm just going to call him Raj — was finally asked about the glacier mistake on January 22nd of this year. He admitted the "error," and said, quote, "I became aware of this when it was reported in the media about 10 days ago."

Facts are really kind of sticky because the only problem is he was actually told about it months ago in November by a reporter at the Journal of Science. But, November — that's when climate-gate and the debacle was heating up.

The IPCC surely they didn't need another scandal right before the opening of Copenhagen. Did they intentionally hide this information from you until Copenhagen was over? Well, the head of the IPCC, of course, says, "absolutely not."

But is it possible that they were suddenly tipping their hand? Remember the timing here: The IPCC knew about their bad sourcing in November, but did not say anything.

Let me show you an article from The New York Times quoting the IPCC on November 26 about climate-gate, "The IPCC relies entirely on peer- reviewed literature in carrying out the assessment."

Got it? From The New York Times. And also it was also on their Web site. But when you go to their Web site, the IPCC Web site, you'll find a statement dated eight days after New York Times reported on that.

It has a little itty-bitty word change here: "The IPCC relies mainly on peer-reviewed literature this carrying out its assessment."

So was "entirely" on their Web site and now it's just "mainly."

That is a pretty big omission. A 418-word statement and only one word is different. Al Gore states his entire case on "peer review." I asked the question, what do they know that you and I don't know?

Well, let me fast forward to this weekend. The U.K. Telegraph reports on two more newly discovered sourcing debacles, their claims about melting ice in the Alps and the Andes and in Africa — no, it didn't come from peer review. They came not from the peer-reviewed scientific literature but from this — yes, Climbing magazine. It's essentially the equivalent of Runners World for mountain climbing. Amazingly, that is the better of two sources. The other source was, and I kid you not, a student dissertation written by a climate change activist while he was studying for a degree in geography.

You'd think the IPCC head would be stepping down, but no, no, no. He is just releasing a new book. No, not like his memorable 1979 "Dynamics of Electric Energy Supply and Demand." No, no. No, no. It's a new book. It's a very explicit romance novel.

It's about a promiscuous climate expert who runs around saving the planet and sleeping with, quote, "shapely dark-skinned girls." It was written, by his own admission, as he traveled between the IPCC meetings.

I'm not kidding you.

Trillions of dollars of policy are being based on the equivalent of a tennis magazine, a geography student and a scientist pretending to be — I don't know — that he's Ron Jeremy or John Edwards. I'm not sure. And they still expect to get away with it.

Again, I don't want to bury the lead here, what we started with. The president currently has money in this new budget, reporting in as income in the new federal budget, based on cap-and-trade which we don't have yet.

Content and Programming Copyright 2010 Fox News Network, LLC. ALL RIGHTS RESERVED. Copyright 2010 Roll Call, Inc. All materials herein are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of Roll Call. You may not alter or remove any trademark, copyright or other notice from copies of the content.