The Economics and Politics of Global Warming

At the UN Climate Change Conference in Copenhagen this December, the Kyoto Treaty on Global Warming will be renegotiated.  Environmentalists say the US has a responsibility to play a leading role.  A House Committee has passed a sweeping measure, the 932-page American Clean Energy and Security Act. It would "raise the cost of life" for all Americans. President Obama says the battle to slow global warming will be good for the US economy. But some environmentalists warn it’s too little, too late. Some conservatives argue it’s not worth the effort. We hear the beginning of the debate will go on for at least the rest of this year