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President Trump pulls America out of Paris Climate Agreement

WASHINGTON - "The bottom line is the Paris Accord is very unfair at the highest level to the United States," said President Donald Trump Thursday.

Pulling out of the Paris Climate Agreement allows President Donald Trump to put a check mark next to one of his key campaign promises.

"In order to fulfill my solemn duty to protect America and its citizens, the United States will withdraw from the Paris Climate Accord but begin negotiations to re-enter either the Paris Accord or an entirely new transaction," added President Trump.

The president says the agreement is bad for business and the U.S. economy.

But not everyone agrees.

"It's largely a political showpiece. It's not going to deliver the economic benefits that the president suggests it will deliver," said University of Pennsylvania Law Professor Cary Coglianese.

He serves as the director of the Penn Program on Regulation.

"Keeping America great really requires protecting Americans from the risks of climate change," added Coglianese.

He says the goal of the Paris Climate Agreement is that countries show a commitment to reducing greenhouse gas emissions by 2030.

Coglianese says pulling out of the deal puts American jobs at risk, especially in the clean energy sectors.

"We are now one of only three countries in the world that don't want to be in the Paris agreement," said Coglianese.

The president says he's open to renegotiating the agreement.

"We'll sit down with the Democrats and all of the people that represent either the Paris Accord or something we could do that's much better than the Paris Accord," he said.

Following President Trump's comments, France, Germany and Italy issued a joint statement saying the accord can't be renegotiated.

Pulling out of the agreement is a lengthy process that won't conclude until the end of 2020.

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