From the AP:
OBAMA: “I urge this Congress to pursue a bipartisan, market-based solution to climate change, like the one John McCain and Joe Lieberman worked on together a few years ago. But if Congress won’t act soon to protect future generations, I will. I will direct my Cabinet to come up with executive actions we can take, now and in the future, to reduce pollution, prepare our communities for the consequences of climate change and speed the transition to more sustainable sources of energy.”
THE FACTS: Obama failed to get a global warming bill through Congress when both Houses were controlled by Democrats in 2010. With Republicans in control of the House, the chances of a bill to limit the gases blamed for global warming and to create a market for businesses to trade pollution credits are close to zero. The Obama administration has already acted to control greenhouse gases through existing law. It has boosted fuel-efficiency standards and proposed rules to control heat-trapping emissions from new power plants. And while there are still other ways to address climate change without Congress, it’s questionable regulation alone can achieve the reductions needed to start curbing global warming.