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Trump to pull US out of Paris climate accord: Axios

Trump to pull US out of Paris climate accord: Axios

The United States is among the 147 countries and parties that have ratified the agreement but President Donald Trump has voiced concerns that the deal signed by the previous U.S. administration could harm the USA economy.

As Stephen Kretzmann, executive director of Oil Change International, sees it, stepping away from the agreement would be "nothing short of treason, as it places the interests of his petro-dictator pals and Big Oil buddies over the interests of nearly all American citizens both present and future".

Coal is the dirtiest of fossil fuels, accounting for more than three-quarters of carbon emissions from US power plants despite generating less than 40 per cent of the nation's electricity. "There are no indications whether the United States will stay in the Paris Agreement or not".

Axios news outlet, which first reported that Mr Trump would withdraw, said details of the move were being worked out by a team that includes EPA Administrator Scott Pruitt.

Trump is doing an excellent job of fulfilling his campaign promises.

Further Woes For Oil and GBP
West Texas Intermediate (WTI) crude futures CLc1 were below $50, at $49.15, though still up 16 cents from their last close. Analysts criticised Opec's failure to make deeper cuts to production.

The executives are trying to capitalise on Trump's "America first" ideology by warning that a withdrawal would put the USA at a disadvantage in a global race to develop and deploy clean-energy technology, potentially ceding that market opportunity to China, the world's top emitter of greenhouse gas emissions. "And climate solutions provide opportunities that are unmatchable", he said. At the moment it doesn't even bother to note that Trump promised to withdraw the United States from the Paris Agreement in the course of the campaign.

"Some may seek to portray the response to climate change as a fundamental threat to the economy", Guterres said.

The White House has declined to comment on those reports, with spokesman Sean Spicer saying only that Trump would make it clear in the "next few days". But if the American President was to say in the coming hours that he wants to exit the Paris Accord, then it is our duty to say: 'You can't do that'.

That came after sharp words from the German Foreign Minister Sigmar Gabriel who said Trump had "weakened the west" with "short sightened" policies. A source close to the matter said Trump was preparing to pull out of the agreement.

Ivanka Trump's preference was to stay, but she made it a priority to establish a review process so her father heard from all sides of the debate, said a senior administration official who was not authorized to discuss her Ivanka Trump's thinking and spoke on condition of anonymity.

United Kingdom resumes intelligence sharing with USA following row over leaks
British officials were infuriated by the leaks but believe US law enforcement was responsible for them, not the White House. A security minister, Ben Wallace, told CNN: "We are following up on the network, rolling it up, trying to contain it".

The Agreement calls on countries to combat climate change and to accelerate and intensify the actions and investments needed for a sustainable low carbon future, and to adapt to the increasing impacts of climate change. Without the legal mechanisms to restrain energy producers, like coal mines, scientists calculate the US could emit an additional 3 billion tons of carbon dioxide into the air each year, the Associated Press reported.

Twenty-five companies, including Intel, Microsoft and PG&E, have signed on to a letter that was set to run as a full-page advertisement in The New York Times and Wall Street Journal on Thursday arguing in favour of the climate pact, and warning of potential "retaliatory measures" by other nations.

Once in power, Trump and Pruitt have moved to delay or roll back federal regulations limiting greenhouse gas emissions while pledging to revive the long-struggling US coal mines.

He first tweeted: "Don't know which way Paris will go, but I've done all I can to advise directly to POTUS, through others in WH & via councils, that we remain".

The world awaits Trump's decision on climate agreement
They said the deal would require the United States government to regulate greenhouse gas emissions, which would hurt business. Chief strategist Steve Bannon supports an exit, as does Environmental Protection Agency Administrator Scott Pruitt.


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