US Formally to Withdraw from the Paris Agreement on Climate Control

US Formally to Withdraw from the Paris Agreement on Climate Control

US Formally to Withdraw from the Paris Agreement on Climate Control

President Trump Puts America 1st.

The US government has officially notified the United Nations of its “intent to withdraw from the Paris Agreement as soon as it is eligible to do so.”

The State Department announced the move in a press release Friday, adding that the process would be “consistent with the terms of the Agreement.”

However, the release indicates the possibility that the US could rejoin the pact in the future, stating that President Trump “is open to re-engaging in the Paris Agreement if the United States can identify terms that are more favorable to it, its businesses, its workers, its people, and its taxpayers.”

Our President in his 1 June speech announcing the withdrawal, he cited high financial burdens, the loss of millions of jobs, and damage to sectors like coal and natural gas.

He also said his administration would “begin negotiations to reenter either the Paris Accord or a really entirely new transaction on terms that are fair…”

And a statement closing out the G-20 Summit in July pointed out the US’s decision and stated, “the Paris Agreement is irreversible.”

Have a terrific weekend.

 

The following two tabs change content below.

Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

Latest posts by Paul Ebeling (see all)

You must be logged in to post comments :  
CONNECT WITH