Elon Musk steps down from Trump advisory councils over Paris climate decision

"Several US States have made clear commitments to continue investing in low carbon technologies and major US businesses such as Walmart have set ambitious targets to cut carbon emissions and increase the use of renewable energy", he said. Leaving Paris is not good for America or the world.

In Washington state, Gov. Jay Inslee called Trump's decision a "shameful course of action" and vowed the state would continue to take action to reduce carbon emissions.

Other lawmakers, including U.S. Senator Rand Paul, took to twitter to defend the move.

Today's decision to begin withdrawing from the Paris Agreement under its current terms creates new uncertainties about the future of our climate.

He is breaking from many of America's staunchest allies, who have expressed alarm about the decision.

The U.S. had agreed under former President Barack Obama to reduce emissions to 26 percent to 28 percent of 2005 levels by 2025 - about 1.6 billion tons. China has been actively promoting the Paris agreement and was one of the first countries to ratify it, he said.

Mr Obama bemoaned the "absence of American leadership" that had seen the U.S. join "a small handful of nations that reject the future".

German Chancellor Angela Merkel, who has in the past even been dubbed the "climate chancellor" for her efforts to fight global warming, welcomed Li's remarks at their joint press conference.

While Goldman Sachs was not alone in the corporate world or even among large banks in supporting the 2015 global climate change agreement, few financial leaders have publicly criticized the decision to withdraw in the hours since Trump's announcement.

United Nations spokesman Stephane Dujarric called Trump's decision a "major disappointment for global efforts to reduce greenhouse gas emissions and promote global security". During that time, Trump said, he hopes to negotiate a new agreement "on terms that are fair to the United States". Trump didn't indicate that he wanted to abandon the overall treaty.

He also pointed out something critics of the deal have long bemoaned, that even if all of the countries in the accord abided by their guidelines, it would barely move the needle.

It's also heavily backed by USA and global corporations, including oil giants Royal Dutch Shell, ExxonMobil and BP.

The Paris deal was just "the latest example of Washington entering into an agreement that disadvantages the United States to the advantage of other countries" and "a massive redistribution of United States wealth to other countries", and "less about the climate and more about other countries gaining financial advantage over the United States".

President Trump made a hard decision today, but one that puts America first.

The withdrawal puts the U.S. in a dubious club with Nicaragua and Syria as the only countries to reject the agreement.

Congressional Republicans applauded the decision, with Senate Majority Leader Mitch McConnell of Kentucky saying Trump had "put families and jobs ahead of left-wing ideology and should be commended". "The president's decision to leave Paris is both a planet killer and a job killer".

In triggering the official withdrawal process, Trump will spark a lengthy process that won't conclude until November 2020 - the same month he's up for reelection. During Trump's speech, the faint sounds of protesters could be heard in the distance banging drums.

Trump said he would "cancel" the deal on the campaign trial and his campaign's energy plan included a pledge to "cancel the Paris climate agreement and stop all payments of USA tax dollars to United Nations global warming programs". He was also an adviser on the president's manufacturing jobs initiative, and has met with POTUS to talk about infrastructure spending.

  • Zachary Reyes