Page 12 - Binding Agreement News Today

And mass extinction in the animal world. its serious stuff. >> how binding is it? >> ive kind of heard from a lot of folks that its not so binding. its voluntary. >> it is a binding agreement in its whole, but the actual, those plans that the countries brought forward, those are not legally binding and there are a lot of people saying the trump administration wouldnt have anything to lose by staying in this agreement and they could pursue whatever energy policies they wanted. on the one hand, no...

I believe i will serve well as americas next secretary of the treasury. but first, i want to correct the record about my involvement with indy mac bank. since i was first nominated to serve as treasury secretary, i have been maligned as taking advantage of others hardship in order to earn a buck. nothing could be further than the truth. during the summer of 2008, i saw the devastation that was caused by the housing crisis, when i watched people line up to get their life savings out of indy mac b...

And she joints us from paris. we know there has been this last-minute delay. are you concerned about that, amanda, with all of the progress we heard coming out of this conference? >> hi, natalie. were here in paris because we know we need to work together globally to reach the first ever binding agreement on climate change. this is a severe problem, and this is cop 21. its taken 21 conferences to get this far. if it takes one more day to get that agreement, were going to need to go there. but my...

There is no binding agreement as of yet and that word can have a lot of different complicated meanings in the context of international agreements. but theres concern that anything truly binding would have to be ratified by a united states senate that clearly will never in at least the near future provide the two-thirds margin necessary to ratify it. >> even when you sign a treaty like i think nixon did, the antiballistic missile treaty, george w. bush reneged on it. he got out of it. so any trea...

Bernardino, governor brown told me what he expects from the international community at the climate talks. >> if you say the world is totally dependent on oil in many parts of the world, coal and certainly natural gas, we are fossil fuel. that is individualism and oil. now to move toward a more enlightened sustainable world we have to transform with lots of technology, with even differences in the way we see the world and how we live in the world. thats going to take decades. so were taking baby ...

What binding might look like. there is no binding agreement as of yet and that word can have a lot of different complicated meanings in the context of international agreements. but theres concern that anything truly binding would have to be ratified by a united states senate that clearly will never in at least the near future provide the two-thirds margin necessary to ratify it. >> even when you sign a treaty like i think nixon did, the antiballistic missile treaty, george w. bush reneged on it....

Hash out details and figure out just how to limit global warming, and not rise above 2 degrees celsius. barack obama says hes optimistic a binding agreement can be reached. >> if you add up all the pledges and they were all met right now, we would be at a estimated 2 .7 centigrade increase in temperature. thats too high. we wanted to get two centigrade or even lower than that. but if we have these periodic reviews built in, what i believe will happen is that by sending that signal to researchers...

Try to stop him from doing that, that right now tonight is very much a live question. a live question that we will now put to nbc news senior white house correspondent chris jansing, who joins us live from the middle of the night now in paris. chris, thank you so much for staying up to be with us. >> love it. love being here. >> is there a feeling among the u.s. delegation, among people covering this and who know this subject tightly, is there a feeling that there is going to be something to sig...

Put to nbc news senior white house correspondent chris jansing, who joins us live from the middle of the night now in paris. chris, thank you so much for staying up to be with us. >> love it. love being here. >> is there a feeling among the u.s. delegation, among people covering this and who know this subject matter tightly, is there a feeling that there is going to be something to sign, that there is going to be a binding agreement, that the u.s. is going to be part of something quite different...

>> reporter: president obama also saying in fact that the u.s. knew it is responsible for creating this problem. >> trying to get all of these countries on the same page in the binding agreement, obviously very tough. how much can this really stick? how much can it be where once the conference is over, everybody goes back home? how likely is it that what they talked about can really be carried out? >> reporter: well, ban ki-moon the secretary-general of the u.n. says no one is expecting a perfec...