Trump To Announce If He's In Or Out Of Paris Accord

The move fulfilled a major Trump campaign pledge, but drew condemnation from USA allies and business leaders.

Trump said the pact, signed by 195 nations at the end of 2015, is "bad deal for Americans" that "disadvantages the United States at the exclusive advantage of other countries".

Under the pact, the United States committed to reducing its emissions by 26 to 28 percent from 2005 levels by 2025.

"You're going to find out very soon", said Trump.

Trump says, "Our thoughts and our prayers and with all of those affected".

"Generations from now, Americans will look back at Donald Trump's decision to leave the Paris Agreement as one of the most ignorant and risky actions ever taken by any President", Sierra Club executive director Michael Brune said in a statement. The administration is now reviewing the Clean Power Plan, which governed emissions from existing generators, as well as a companion rule for new plants and other clean air protections from the Obama administration. "The Paris agreement would have destroyed $3 trillion in American GDP and killed 6.5 million industrial sector jobs by 2040, while even EPA's own models conclude that it will have a negligible impact on global temperatures".

Johnson claims the Paris agreement forces the U.S.to rely on more expensive, alternative energy sources, driving up prices for consumers.

"On climate change Trump is exacerbating a national security emergency while threatening the Made-in-America exports that grow our economy", Jessica Mackler, president of the Democratic super PAC American Bridge, in a statement to The Fix. But the targets were voluntary, meaning the USA and the almost 200 other nations in the agreement could alter their commitments.

"ACSI members are already investing to support a transition to a low carbon economy", she said.

"In order to fulfil my solemn duty to protect America and its citizens, the USA will withdraw from the Paris climate accord", Trump said.

Trump has also sought to engage China, hosting President Xi Jinping at his Mar-a-Lago resort in Florida in April.

He also blamed the agreement for not allowing the U.S.to build new coal plants, while other nations are permitted to do so. In each case, we model a tax that rises by 5 percent each year, with revenues being returned to USA households. That's according to a White House official, congressional officials and others briefed by the White House.

Pence praised Trump's leadership and said Trump is "is choosing to put the forgotten men and women of America first".

Business leaders, normally strong supporters of Republican initiatives, had vigorously appealed to Trump not to abandon the agreement.

It will take almost four years for the United States to withdraw from the accord meant to curb emissions responsible for climate change.

In all of these countries, carbon taxes are supplemented by other policies that motivate the shift to cleaner fuels and energy efficiency.

Those briefed by the White House insisted on anonymity in order to discuss the matter ahead of Trump's announcement Thursday afternoon in the Rose Garden. The agreement created a near-global plan to limit the emission of greenhouse gases.

Musk said on Wednesday that he had done "all I can" to convince Trump to stay in the accord, and threatened to leave the presidential advisory councils if Trump announced a USA exit from the accord.

Despite pressure from allies in the Group of Seven rich nations at a meeting in Italy last week, Trump had refused to endorse the agreement, rebuffing leaders from Canada, France, Germany, Italy, Japan and Britain.

In 2013, GM signed a declaration joining other major companies arguing that responding to climate change was good business.

Russian Federation joined the chorus speaking out for the climate accord.

  • Salvatore Jensen