What does “formally embrace” mean? That Obama has put an arm around it?
Nothing happens unless congress passes the climate bill. And they are very unlikely to do that.
Sure, Obama is trying very, very hard to drive our country into a permanent great depression. But fortunately he is a blithering incompetent. He means badly, but after getting off to a fast start in the first six months with the help of Harry & Nancy, he has basically stalled and tanked.
He took a bribe.