California governor looks to China for climate bond

A source briefed on the decision told Reuters Mr Trump planned to make good on his campaign vow to withdraw the United States from the pact. McKenna says the Canadian government remains committed to the Paris Accord amid.

During his electoral campaign, Trump called climate change "a Chinese Hoax" and insisted that he would pull the USA out of the Paris agreement.

Trump has voiced skepticism about climate change and the need to combat it, at one point calling human-caused global warming a hoax invented by China to undermine USA manufacturing prowess. A coalition of USA based companies banded together to run a series of ads that stated their opposition to pulling out of the Paris Accord, citing a better U.S. economy if the country remained within the Paris Accord.

If Mr Trump does decide to pull out of the accord, it is not clear how he will do it.

European stakeholders tried to explain the importance of the deal to Trump at the recent G7 summit in Italy, "but it seems our attempts failed", Juncker said.

Critics have said climate-change deals are just a way for liberals to hurt energy and coal jobs, while driving up costs for consumers.

"I will be announcing my decision on the Paris Accord over the next few days", President Trump wrote on Twitter.

Musk then said he would have "no choice" but to depart Trump's advisory councils if the United States pulled out of the climate deal.

At the G-7 summit in Italy last week, European leaders expressed frustration at the emerging US position.

Meanwhile, Trump has declared that abandoning the Paris climate agreement would be a victory for the American economy.

As a technology executive who has cited climate change as a key reason behind his push for electric vehicles, Musk has a personal and professional stake in the United States' climate change policies.

"We'll take matters into our own hands", de Blasio continued.

The U.S.is the world's second largest emitter of carbon, following only China. Twenty-five companies, including tech giants Intel and Microsoft, signed a letter arguing in favor of the climate deal that will run as a full-page ad in The New York Times and The Wall Street Journal on Thursday, reported Bloomberg.

"The president will make an announcement when he's made a final decision", one senior official told Reuters. The president has been known to change his thinking on major decisions and tends to seek counsel from both inside and outside advisers, many with differing agendas, until the last minute.

  • Carolyn Briggs