Citing Priority of Pittsburgh Over Paris, Trump Pulls Out of Climate Agreement

"We will not ignore the science and reality of climate change", he said, adding that Trump's "reckless" decision could have "devastating repercussions" for the planet. Mining giant BHP Billiton (BHP), which is considering the sale of North American oil assets, was up 0.3%.

Trump said the USA would begin negotiations either to re-enter the Paris accord or to have a new agreement "on terms that are fair to the United States, its businesses, its workers, its people, its taxpayers". Speaking to EW recently about the film's sequel, Gore said, "We're still in a moment that's pregnant with the possibility for great change".

Trump said the climate agreement, as presently written, would cost US businesses "a vast fortune" and lead to the loss of 7 million jobs by 2025.

Nicaragua, on the other hand, objected to the accord in 2015 because it didn't believe it was ambitious enough and it didn't ask more of larger, wealthier countries - which played a larger role in the current climate change crisis - according to Reuters. "Signed by President Obama without Senate ratification, it would have driven up the cost of energy, hitting middle-class and low-income Americans the hardest".

The departure of the United States, which is the largest economy and second-largest greenhouse gas emitter in the world, would not dissolve the pact.

It's part of what former Vice President Al Gore is calling the "clean energy revolution" that would be crippled by pulling out of the Paris climate agreement. Even fossil fuel companies such as Exxon Mobil, BP and Shell say the United States should abide by the deal.

"It would be taken as a statement that climate change is not a problem, is not real", Lindsay Graham has said.

"While the loss of America's leadership is unfortunate, this is a struggle that is far from over", he said.

"At this moment, when climate change is already causing devastating harm around the world, we do not have the moral right to turn our backs on efforts to preserve this planet for future generations", said U.S. Senator Bernie Sanders, who sought the Democratic presidential nomination previous year.

John Kerry, who was a secretary of state under Obama, also issued a forceful condemnation of Trump's decision in an interview with NBC News on Thursday.

"Removing the United States from the Paris Agreement is a blow to our collective ability to fight the climate crisis in time, Linde said in a statement".

Under the pact, the United States had committed to reduce its emissions by 26% to 28% from 2005 levels by 2025. "I was selected to represent citizens of Pittsburgh not Paris".

He was joined on Thursday by other tech and industrial sector representatives who expressed frustration with the White House's decision and pledged to continue working to combat global warming.

The three leaders tried to convince Trump last week at a Group of Seven summit to stay in the pact and honor USA commitments undertaken by the previous administration. The automaker said Thursday despite the withdrawal it "will not waver from our commitment to the environment".

"These are problems that are only getting worse as climate change gets worse", he said.