NY leadership to honour Paris Accord with executive orders

"The Paris Climate Accord is simply the latest example of Washington entering into an agreement that disadvantages the United States to the exclusive benefit of other countries", President Trump said Thursday.

With the move, millions of jobs will be saved, billions of dollars of contributions to UN Green Climate Fund will be avoided, Trump adds.

Speaking to European business leaders alongside Li, Juncker said EU-China ties are underpinned by "a rules-based global system".

Matt Christensen, global head of responsible investment at AXA IM, said: "This decision is significant as it is a "final blow" to Obama's climate legacy, but also highly concerning as the U.S. is a major greenhouse gas emissions contributor. For many many years it hasn't happened", Trump said, referring to the Acosta Coal Mine due to open in Somerset County, PA amid the slew of mine openings announced across the rich energy region.

After the decision following US President Donald Trump to quit Paris Climate Deal, Indian-American lawmakers has acknowlged it as an "irrational" decision that has set the planet on a "catastrophic" course. They also encouraged "all our partners to speed up their action to combat climate change". The Democratic governors of New York, California and Washington states indeed formed a quick alliance, vowing to respect the standards agreed on under the Paris deal.

"The United States is harming itself, us Europeans and all other people in the world", the politicians seethed in a joint statement.

In briefing just now, White House official responds to question about whether Trump thinks climate change is real: "Can we stay on topic?"

Trump's decision would not stop those who feel committed to protecting the planet, she said: "On the contrary, in Germany, in Europe and in the world, we will join forces to take on and successfully tackle big challenges facing humanity".

While Secretary of State Rex Tillerson, backed up by scientists and overseas foreign ministers, has been quietly arguing for the U.S. to stay in the agreement, White House Chief Strategist Stephen Bannon and his right-wing allies in Washington have been pulling in the other direction.

Bill Peduto, the Mayor of Pittsburgh, said, "We're gonna make sure we follow this agreement". "The withdrawal of the US from the global community opens up more opportunities for China". Although there will be no financial and economic impact on the country, it will have a huge impact on the environment since the United States is one of the major emitters of greenhouse gases. Together, they account for more than 75 per cent of global emissions.In addition, 41 states have economy-wide targets up to 2020, and 22 have targets beyond 2020.

"I can not, in good conscience, support a deal that punishes the United States", he said, decrying the "draconian financial and economic burdens the agreement imposes on our country".

"I am a strong believer that our industry needs to have a voice with governments around the world", said Fink, whose company is the world's largest asset manager, with $5.4 trillion under management.