Apple, Amazon, Google, Lyft and Spotify are among hundreds of USA businesses teaming up with state and local regulators to pledge their support for the Paris climate agreement as part of a new campaign debuting today.
"While funding from governments remains central to our work, this kind of support is crucial for the work of the Secretariat to assist nations in their efforts to implement their commitments under the Paris Climate Change Agreement", Patricia Espinosa, executive secretary of the UN Framework Convention on Climate Change, said in response to the billionaire's offer.
The letter was coordinated by a group of organizations including "The B Team", co-founded by Virgin's Richard Branson, and Michael Bloomberg's Bloomberg Philanthropies, which has already promised $15 million to fund climate change efforts at the United Nations.
"The mayor of Pittsburgh said 'We're not a steel town anymore, we're a green town, '" Wallace said.
That's because Trump has tweeted in the past that "The concept of global warming was created by and for the Chinese in order to make USA manufacturing non-competitive".
There again, he left out the fact that the United States is the world's largest economy, with 25 percent of global GDP, with an unemployment rate that, as of Friday, was at a 16-year low of 4.3 percent. "It's what we do, it's who we are", she said. Major powers in the world, including the European Union and China, have reaffirmed their commitment to the climate agreement, and no other countries have so far indicated intention to either follow the US footsteps or water down their commitment. "Collectively, they will redouble their efforts to ensure that the USA achieves the carbon emissions reductions it pledged under the Paris Agreement".
Later on Saturday, Vice President Mike Pence said that remaining in the accord would have proved costly to U.S. economic growth and to the working-class Americans at the core of Trump's political base.
Trump announced the decision in the White House Rose Garden on Thursday, citing concerns about the accord's threat to the USA economy as a main reason for the withdrawal.More news: Cavs' final straw only rests on Warriors' past Game 3 blues
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The Paris agreement committed countries to keeping rising global temperatures "well below" 2C (3.6F) above pre-industrial levels and "endeavour to limit" them even more, to 1.5C.
Trump's decision means the US will no longer be dropping billions of dollars into the Green Climate Fund.
And though some Trump supporters carried "Pittsburgh not Paris" signs outside the White House Saturday, the mayor of Pittsburgh denounced the president's move to abandon the global pact meant to safeguard the environment.
The US joined the Paris agreement in 2015.
Before the decision on Thursday, Trump, who once called climate change a "hoax", had already taken a series of actions aimed at reversing his predecessor Barack Obama's climate policies.
While some major Chinese cities have been struggling to reduce air pollution in recent years, companies and industries will spend more on reducing pollutant emissions, Li Li, director of research at the Shanghai-based ICIS China.
The signatories to "We Are Still In" say they are "delivering concrete emissions reductions that will help meet America's emissions pledge under the Paris Agreement". The U.S.' total would have been $3.5 billion, or almost half of the total. We're going to continue doing our part.