Trump's decision on Paris deal to affect foreign direct investment

U.S. President Donald Trump announces his decision that the United States will withdraw from the Paris Climate Agreement, in the Rose Garden of the White House in Washington, U.S., June 1, 2017. Senator Dianne Feinstein responded in a statement by saying "President Trump has weakened our nation by withdrawing from the Paris climate agreement".

Jen Psaki, the former White House Communication Director said the announcement is devastating.

"Canada wants to create good jobs, and wants to grow our economy and create opportunities for business".

Is Canada's doubling down on our fossil-fuel economy really so different from Trump's nostalgic championing of USA coal?

"We're going to have the cleanest air".

Trump's decision to leave the Paris deal has all the hallmarks of a base-pleasing move and none of the signs of a base-expanding move.

Environmentalists warned lasting damage would be done if the world's second-biggest producer of greenhouse gases gave up its target of reducing carbon emissions.

Trump said he was willing to begin renegotiating the climate deal "under the terms that are fair to the United States and its workers or to negotiate a new deal that protects our country and its taxpayers".

"Obviously, it's a very disappointing turn of events", said Quebec Environment Minister David Heurtel.

Also today, the Intergovernmental Panel on Climate Change (IPCC) - the global body for assessing the science related to climate change, which provides a scientific basis for governments at all levels to develop climate related policies - underscored that scientific evidence behind climate change is clear.

If he still thinks climate change is "bulls--", as he once tweeted, he risks alienating himself on this issue from majorities in the rest of the world.

In a statement the White House said in addition to Trudeau, Trump also spoke with the leaders of France, Germany and Britain on Thursday. Having written what I have-that we are not yet screwed if we choose not to be-I know what I will say at that future trends conference tomorrow. A weakening of those standards might help sell more SUVs to USA consumers, but automakers still have to design and build electric and other fuel-efficient cars to meet mileage standards in California, China, Europe and elsewhere, Lindland said.

Michael Bloomberg is pledging to fill a funding gap created by President Trump's decision to withdraw from the Paris climate accord, offering up to $15 million to support the United Nations agency that helps countries implement the agreement.

Secretary of State Rex Tillerson downplayed the significance of the US pullout from the Paris climate pact, arguing Friday that America still will continue taking steps to cut heat-trapping pollution. But he will be nearly surely be required to recite the rationale for Trump's pullout from the agreement cutting carbon emissions, given that his agency led the Paris deal negotiations and will now have to manage the worldwide fallout. She also said she intends to seek clarity on the USA position when she meets her US counterpart in Italy next week.

"By denying climate change and failing to act, Trump has put us on a path beset with increased starvation, poverty, disease and death for millions of people in the USA and across the globe".

Trump said the agreement disadvantaged the U.S.



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