Washington, D.C.– Rep. Jim Sensenbrenner, R-Wis, Ranking Member on the House Select Committee on Energy Independence and Global Warming, attended the U.N. Climate Change Conference in Copenhagen, Denmark and issued the following statement:
“Before leaving Copenhagen for Washington to avoid an impending blizzard, President Obama agreed to a three-page climate change accord. The Copenhagen Accord would transfer $100 billion each year from wealthy nations to poor nations in exchange for voluntary domestic pledges to reduce emissions and a promise to allow international monitoring of the progress. At least $10 billion of this money would come from the U.S.
“Never before has anyone spent $100 billion on so little. Before I left I said that no deal was better than a bad deal. President Obama has apparently promised $10 billion a year in taxpayer money to buy himself a hollow political victory. I call that a bad deal."
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