"The Paris Agreement and taking strong action on climate change is good for future generations of explorers and is also good for our business - to stay competitive and protect our outdoor playgrounds", Arne Arens, president of The North Face, said in a statement.
The Paris Agreement's long-term goal is to limit global warming to 1.5 to 2.0 degrees Celsius (2.7 to 3.6 degrees Fahrenheit) above preindustrial temperatures, or about 0.5 to 1.0 degrees C (0.9 to 1.8 degrees F) above the current global average temperature.
The Paris agreement commits the United States and 187 other countries to keeping temperatures below 2C (3.6F) above pre-industrial times and "endeavour to limit" them even more, to 1.5C.
Under the Paris accord, the US sent some $1 billion to the Green Climate Fund that is guided by the U.N. Framework Convention on Climate Change - the body that coordinates worldwide climate policy.
Secretary of State Rex Tillerson said the U.S. had a "terrific record on reducing our own greenhouse gas emissions". I spoke with President Trump on Tuesday and tried to persuade him to keep the U.S.in the agreement.
"While the US' decision is disheartening, we remain inspired by the growing momentum around the world to combat climate change and transition to clean growth economies", said Canadian Prime Minister Justin Trudeau.More news: The MAI Capital Management Decreases Stake in Newfield Exploration Co. (NFX)
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"I will work to ensure that America remains the world's leader on environmental issues, but under a framework that is fair and where the burdens and responsibilities are equally shared among the many nations all around the world", Trump said. Trump now wants to reverse this under the garb of protecting American jobs. But "the commitments that the United States and every other country made under the Paris agreement were nationally determined, so the United States had control over what it said it would do, China had control over what it said it would do".
"Americans don't need Washington to meet our Paris commitment and Americans are not going to let Washington stand in the way of fulfilling it". A U.S. withdrawal had been on the cards, but there was hope among those backing the deal that Trump would change his mind at the eleventh hour.
China overtook the USA as the world's biggest emitter of greenhouse gases in 2007.
European leaders and green groups reacted with anger and dismay that the United States, the world's second biggest carbon emitter, was quitting the pact. "Now, more than ever, President Trump needs your support!"
An analysis by the Climate Action Tracker, a consortium of researchers, suggests that climate-change policies instituted by Obama would have cut U.S. greenhouse-gas emissions by 10% below 2005 levels in 2025.
They are hoping more governors will join them.