Paris pullout would join USA with Nicaragua, Syria


President Donald Trump says he'll announce his decision on the Paris climate accord "over the next few days".

The CEO of SpaceX, Musk has said further delay in adopting policies to mitigate climate change would cause more "destruction than all the wars in history combined".

Initial reports that Trump would scrap the agreement didn't dent the positive mood on Wall Street, with the Dow Jones industrial average, S&P 500 index and Nasdaq composite all pointing modestly higher in premarket trading on the stock market today.

The senator said the Obama administration negotiated the agreement to circumvent the Senate's advise and consent power on global treaties because it knew it was too unpopular and damaging to USA interests to ratify.

Shell's Van Beurden also said that a withdrawal by the USA could make it a less attractive place for foreign direct investment, though he said that most long-term investments may come to fruition when Trump is no longer in the White House.

Zinke told reporters that he has "yet to read what the actual Paris agreement is" and "would like to sit down and read" the 2015 accord before commenting.

Almost 200 countries agreed to the 2016 pact that would curb climate-changing climate emissions. Under the pact, the United States committed to reducing its emissions by 26 to 28 percent from 2005 levels by 2025.

Elon Musk has a message for President Donald Trump: Don't leave the Paris climate agreement. Instead, she thinks more targeted tariffs on parts of the US economy could gain momentum.

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"The irony is that in the first few years of the Obama administration, we had to spend a lot of time with the Chinese convincing them our climate change agenda wasn't a Trojan Horse to limit their economic growth", Chollet said.

That's what the top House Democrat is calling President Donald Trump's expected decision to pull the US from a historic climate agreement. All 195 members of the United Nations Framework Convention on Climate Change signed the agreement; of those, 147 - including Canada - have ratified it.

With reports President Trump will pull the USA from the Paris climate agreement, Tesla's Elon Musk has confirmed he will withdraw from his advisory role should that happen.

Hill Democrats weren't the only ones outraged over Trump's expected decision. "If you look at how much carbon we should leave in the ground, the Paris Agreement wasn't going to get us there". He then tweeted that he would make an announcement this week.

A White House official said earlier in the day that Trump was planning to pull out of the Paris deal, although a final decision hadn't been made.

As China emerges as Europe's unlikely global partner on areas from free trade to security, Premier Li Keqiang will meet top European Union officials at a summit in Brussels that will also discuss North Korea's missile tests.

The official insisted on anonymity in order to discuss the decision before the official announcement.

Still, many USA businesses, not least those in the alternative energy business like Tesla (TSLA), were hoping that Trump would back-peddle from his campaign pledge to rip up the deal signed by President Obama. While another such reversal might be possible, Trump was set to meet with Paris pact supporter Secretary of State Rex Tillerson, a pullout from Nafta would have had destabilizing consequences for businesses and their supply chains.