The White House signaled withdrawal was likely, but Trump has been known to change his mind at the last minute on such major decisions. Top White House aides were divided and Trump's decision may not be entirely clear-cut. Earlier Wednesday, a White House official said Trump was expected to pull out of the deal, but cautioned there could be "caveats".
According to the Axios website, the first to break the news citing two sources with direct knowledge of the matter, Trump has reached a decision to pull out of the landmark deal on cutting global carbon emissions to curb global warming. The decision has no direct impact on major US regulations on power plants and auto rules now aimed at reducing carbon emissions, although those are now under review by Trump as well. The U.S. has agreed to reduce its emissions by 2025 to 26 per cent to 28 per cent of 2005 levels - about 1.6 billion tons.
The Pruitt team is deciding on whether to initiate a full, formal withdrawal which could take three years or exit the underlying United Nations climate change treaty, which would be faster but more extreme, Axis reported.
Almost 200 nations agreed in 2015 to voluntarily reduce greenhouse gas emissions. "Climate solutions provide opportunities that unmatchable".
U.S. President Donald Trump has chose to withdraw from the Paris climate accord, the Axios news outlet reported Wednesday, citing two unidentified sources with direct knowledge of the decision.
Other state lawmakers have also expressed their support for the pact should Trump withdraw the USA from it.
Withdrawing would leave the United States aligned only with Russian Federation among the world's industrialized economies in rejecting action to combat climate change.More news: Putin: Russian State Has Never Engaged In Hacking!
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And the corporate world has by-and-large come out in favour of the U.S. keeping its seat at the table.
Hundreds of high-profile businesses have spoken out in favor of the deal, including Apple, Google and Walmart.
Cruz said in return for crippling American economy, the Paris Agreement would do next to nothing to impact global temperatures.
He said he would confer with Tusk and Juncker about "joint initiatives to be adopted together as a European Union" to offset the decision.
He was speaking after US President Donald Trump refused to join other leaders of the G7 group of rich nations in reaffirming support for the accord.
The issue had reportedly split the Trump administration into "stay" and "leave" camps. Trump's Secretary of State Rex Tillerson also wanted America to stay on board with the deal.
"This agreement is less about the climate and more about other countries gaining a financial advantage over the United States", he said, claiming that other countries have laughed at the US for agreeing to the terms".
Trump's influential daughter Ivanka Trump's preference is to stay, but she has made it a priority to establish a review process so her father would hear from all sides, said a senior administration official. The president and his aides were finalizing the details of a pullout, an official said, insisting on anonymity to discuss the decision before an official announcement. The future of our planet - and people's lives - depend on every country keeping its commitment to meeting the Paris Agreement's achievable standards.
The agreement itself includes pillars that involve American data, including material from NASA and other US federal departments, and if the USA walks away Vaughan said there will be gaps to fill.