Deal or No Deal: Climate Talks Wind Down in Denmark

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WASHINGTON -- A decision on a new climate accord is still up in the air on the last day of talks at the United Nations Framework Convention on Climate Change in Copenhagen, Denmark.

Some are blaming capitalism for the impasse, while others are blaming all of humanity. The summit has turned into a battle between the rich and the poor.

The breakdown in talks in the 192-nation gathering has prompted some world leaders to ratchet up their dire warnings.

"Without common action, rising sea levels can wipe whole nations from the map," British Prime Minister Gordon Brown said.

Click play for more analysis with Phil Kerpen of Americans for Prosperity, following Jennifer Wishon's report.

Greek Prime Minister George Papandreou even compared humans to parasites.

"We face the nightmare of humanity becoming the species that dies out just as a parasite does as it devours its host," Papandreou said.

President Barack Obama arrived Friday morning amid infighting between wealthy and developing nations.

He changed his schedule to hold closed door talks with 19 other world leaders in an effort to work out an 11th hour deal.

"We are ready to get this done today," Obama said. "But there has to be movement on all sides to recognize that it is better for us to act than to talk."

While some Americans feared the president would sign away U.S. sovereignty in a climate change agreement, it appears the summit may wrap up without any agreement at all.

Many leaders were looking to the U.S. and China to deepen their pledges, but that doesn't appear to be happening.

What has happened is that some leaders have used this world stage to rant against capitalism.

"In the streets they are saying the following: If the climate was a bank, you would have already saved it. And I think that's true. If the climate was a big capitalist bank, you would have already saved it, you the rich governments," Venezuelan President Hugo Chavez said.

Zimbabwean President Robert Mugabe added, "It is we, the lesser mortals of the developing sphere who gasp, starve, sink and eventually die."

Meanwhile, chaos continues outside the conference with protestors saying they've had enough rhetoric and demand action.

The conference is scheduled to end Friday night, but talks are expected to spill into the weekend.

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Jennifer Wishon is the White House correspondent for CBN News based in the network’s Washington, D.C. Bureau.  Before taking over the White House beat, Jennifer covered Capitol Hill and other national news, from the economy to the 2010 oil spill in the Gulf of Mexico.  Follow Jennifer on Twitter @JenniferWishon and "like" her at Facebook.com/JennWishon.