[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2009/images/12/17/art.inhofe.gi.jpg caption="Inhofe: Copenhagen conference 'has failed'."]
Washington (CNN) – Republican Sen. James Inhofe, a well-known skeptic of global warming, said Thursday in Copenhagen that "there will be no agreement" at the conference and said, "It has failed."
The Oklahoma senator is the top Republican on the Environment and Public Works Committee and said a cap-and-trade bill has no chance of passing the Senate.
"My stated reason for attending Copenhagen was to make certain the 191 countries attending COP-15 would not be deceived into thinking the US would pass cap-and-trade legislation," Inhofe said, according to prepared remarks. "That won't happen. And for the sake of the American people, and the economic well-being of America, that's a good thing."
President Obama pledged $1 billion on Wednesday to help protect rainforests around the world. Inhofe said it's "too much" and that "taxpayers won't be pleased" with how their money is being spent.