U.s. Paris Agreement
We have one of the most frequent energy reserves in the world, enough to lift America`s poorest working people out of poverty. But as part of this agreement, we are effectively locking up these reserves and taking the great wealth of our nation – it is a great wealth, it is a phenomenal wealth. Not so long ago, we had no idea that we had such wealth and that we were leaving millions and millions of families trapped in poverty and unemployment. The Paris Agreement has been essential for many corporate promises, including Amazon and Cargill. The historically right-wing group of the U.S. Chamber of Commerce opposes the president`s decision to withdraw from the agreement. There are also serious legal and constitutional issues. Foreign leaders in Europe, Asia and around the world should have no more to say about the U.S. economy than our own citizens and their elected representatives. That is why our withdrawal from the agreement is a reaffirmation of American sovereignty. (Applause) Our constitution is unique among all the nations of the world, and it is my supreme commitment and the greatest honor to protect them. And I will. The White House said Trump would end the implementation of former President Barack Obama`s CO2 reduction targets, and that the withdrawal would be consistent with the years of withdrawal processes under the agreement.
 On September 16, 2017, an EU official said that the Trump administration had apparently weakened its position on exiting the agreement. The White House informed the press that it had not changed its position on the agreement.   From a technical point of view, however, the Paris Agreement requires nothing from the United States. In fact, it is not even a contract. It is a non-binding agreement between nations at all levels of wealth and responsibility for climate change to reduce national emissions. Under Article 28 of the Paris Agreement, a country cannot announce its withdrawal from the agreement until three years after it enters into force in the country concerned, i.e. on November 4, 2016 in the case of the United States. Later, the White House said the United States would abide by the four-year withdrawal process.  On November 4, 2019, the administration announced a formal intention to resign, which takes 12 months. Until the withdrawal came into effect, the United States was required to meet its obligations under the agreement, such as the obligation to continue reporting its emissions to the United Nations.
 The withdrawal came into effect on November 4, 2020, the day after the 2020 U.S. presidential elections.  China is allowed to build hundreds of other coal-fired power plants. Therefore, we cannot build the facilities, but they can, in accordance with this agreement. India can double its coal production by 2020. Remember: India can double its coal production. We have to get rid of it. Europe can also continue to build coal-fired power plants.
But even if the United States decided to re-enter the agreement, it would have implications for outsourcing and the implementation of a few months. You could be forgiven for thinking that the United States left the global agreement on climate change a long time ago. Since 2017, when President Trump announced his intention to abandon the pact, he has been talking about withdrawal as if it were a final deal. In fact, the exit from the Paris Agreement has been a long process. A proposal from BNP Paribas Asset Management won a 53% majority at Chevron – it asked the oil giant to ensure that its climate lobby complied with the paris agreement`s objectives.