US withdrawal from Paris climate change deal

The decision was announced Thursday afternoon in the White House Rose Garden.

“In order to fulfill my solemn duty to protect America and its citizens, the US will withdraw from the Paris climate accord,” Trump said.

His administration will begin negotiations to reenter either the Paris accord or another climate treaty, “on terms that are fair” to the US, Trump added.

“As of today, the US will cease all implementation” of the Paris accord and the “draconian” burdens it mandated, he said.

Implementing the pact would have the US cost trillions of dollars and hundreds of thousands of lost industrial job, with massive reductions to the production of paper, cement, iron and steel, coal, and natural gas, Trump said, explaining his decision.

“This agreement is less about the climate and more about other countries gaining financial advantages over the US,” the president said.

The pact would see the US put its enormous wealth under lock and key, “leaving millions of families trapped in poverty and joblessness,” Trump said, pointing out that just two weeks of emissions from China alone would totally wipe out the gains from all US carbon reductions through 2030.

“The US, under the Trump administration, will continue to be the cleanest and most environmentally friendly country in the world,” but not at the cost of American prosperity, he added.

Negotiated in 2015, the Paris agreement seeks to drastically limit carbon dioxide and other emissions from fossil fuel consumption, in order to slow down global warming. The US was committed to reducing emissions by up to 28 percent from 2005 levels by 2025. China is currently the world’s biggest carbon emitter, with the US trailing close behind.

The international climate summit that was supposed to take place in Boston next month has been canceled due to lack of federal support, Mayor Martin J. Walsh said Wednesday.

“The administration just hasn’t been responding to us to see if they’re interested in working on bringing folks here,” Walsh said at a news conference. “It doesn’t seem like there’s any interest at all in moving forward.”

Back in 2012, Trump derided global warming as a Chinese hoax to make the US de-industrialize. During the Republican primary campaign, he told the Washington Post he was “not a big believer in man-made climate change.”