Billionaire Bloomberg pledges $15 million to United Nations for climate change

French President Emmanuel Macron said Donald Trump had made an historic error Thursday by abandoning the Paris climate agreement, and urged frustrated U.S. climate scientists and entrepreneurs to come and work in France.

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

She said the agreement, which Trump rejected because he said it would impose "unfair" costs on US industry, would ultimately result in more prosperity and greater opportunities for the world.

The President of the European Commission on Friday urged the European Union and China to lead the way in the fight against climate change by implementing the Paris agreement in full. "The timing and magnitude of the changes are harder to pin down, but we can not stick our heads in the sand and ignore the risks they present, especially when we're already seeing the effects all around us - whether they're measured in rising sea levels, or depleting coral reefs, or the number of children with asthma", Bloomberg said in a press release.

On Friday, the head of Russia's state-controlled Rosneft oil giant said that that a rise in shale oil output in the US would likely offset the effect from the OPEC and Russian production cuts.

However, their reaction was in stark contrast with that of a number of major companies, which strongly criticised Trump's decision. In addition to Cook, the CEOs of Google, Facebook, Microsoft, HP, Intel and Tesla also asked Trump to stay in the agreement. "Continued US participation in the agreement benefits US businesses and the US economy", it read.

"Because wherever we live, whoever we are, we all share the same responsibility". That would be a "heavy lift" Brown said, but "I am going to discuss that with the highest officials in China this week".

"Manufacturers support the spirit of the Paris Agreement and the effort to address climate change through a fair global agreement".

"I call on them, come, and work here with us. But it wasn't enough".

"As of today, the USA will cease all implementation of the non-binding Paris accord and the draconian financial and economic burdens the agreement imposes on the U.S.".

Mr Trump has previously described climate change as a hoax by the Chinese to damage United States manufacturing.

"Therefore, in order to fulfill my solemn duty to protect America and its citizens, the United States will withdraw from the Paris Climate Accord", Trump told a gathering of media at the White House.

Under the Paris accord, the USA sent some $1 billion to the Green Climate Fund that is guided by the U.N. Framework Convention on Climate Change - the body that coordinates worldwide climate policy.