President Trump Announces US Withdrawal From The Paris Climate Accord | Zero Hedge

It’s done. Bannon 1 – 0 Kushner.

President Donald Trump announced the U.S. would withdraw from the Paris climate pact and that he will seek to renegotiate the international agreement in a way that treats American workers better.

“So we are getting out, but we will start to negotiate and we will see if we can make a deal, and if we can, that’s great. And if we can’t, that’s fine,” Trump said Thursday, citing terms that he says benefit China’s economy at the expense of the U.S.

 

“In order to fulfill my solemn duty to protect America and its citizens, the United States will withdraw from the Paris climate accord, but begin negotiations to re-enter either the Paris accord or really an entirely new transaction on terms that are fair to the United States, its businesses” and its taxpayers, Trump said.

As Bloomberg reports, Trump’s announcement, delivered to cabinet members, supporters and conservative activists in the White House Rose Garden, spurns pleas from corporate executives, world leaders and even Pope Francis who warned the move imperils a global fight against climate change.

As we noted earlier, we should prepare for the establishment to begin its mourning and fearmongering of the disaster about to befall the world.

 

Pulling out means the U.S. joins Russia, Iran, North Korea and a string of Third World countries in not putting the agreement into action. Just two countries are not in the deal at all – one of them war-torn Syria, the other Nicaragua.

The Hill notes that many Republicans on Capitol Hill are likely to support pulling out of the Paris deal – 20 leading Senate Republicans, including Majority Leader Mitch McConnell (R-Ky.) asked Trump to do just that last week. Withdrawing from Paris would greatly please conservative groups, which have orchestrated an all-out push in opposition to the pact.

“Without any impact on global temperatures, Paris is the open door for egregious regulation, cronyism, and government spending that would be disastrous for the American economy as it is proving to be for those in Europe,” said Nick Loris, a fellow at the Heritage Foundation.

 

“It is time for the U.S. to say ‘au revoir’ to the Paris agreement,” he said.

Trump wants his presidency to be about jobs and his decision to be viewed as an economic win for the United States.

A recent report commissioned by the oil industry-backed American Council for Capital Formation found that the deal would eliminate $3 trillion in GDP and 6.5 million jobs by 2040.

 

A Heritage Foundation paper last year didn’t go quite as far. It predicted that the agreement would prevent 400,000 jobs and cause a GDP loss of $2.5 trillion…

Source: President Trump Announces US Withdrawal From The Paris Climate Accord | Zero Hedge

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