Washington [United States], June 2 : Indicating the possibility of "a big opening in two weeks", President Donald Trump announced his administration's plans to lift the severe energy restrictions inflicted by the Paris Climate Accord and revive the country's abundant energy reserves soon.
"We have among the most abundant energy reserves on the planet, sufficient to lift millions of America's poorest workers out of poverty.
Yet, under this agreement, we are effectively putting these reserves under lock and key, taking away the great wealth of our nation -- it's great wealth, it's phenomenal wealth; not so long ago, we had no idea we had such wealth -- and leaving millions and millions of families trapped in poverty and joblessness," Trump said on Thursday while announcing Washington's withdrawal from the Paris Climate Change Accord.
"While the current agreement effectively blocks the development of clean coal in America -- which it does, and the mines are starting to open up.
We're having a big opening in two weeks. Pennsylvania, Ohio, West Virginia, so many places. A big opening of a brand-new mine. It's unheard of. For many, many years, that hasn't happened. They asked me if I'd go. I'm going to try," said Trump. Terming the Paris Accord unfavourable to America, Trump said, "The agreement is a massive redistribution of United States wealth to other countries.
At one percent growth, renewable sources of energy can meet some of our domestic demand, but at three or four percent growth, which I expect, we need all forms of available American energy, or our country -- (applause) -- will be at grave risk of brownouts and blackouts, our businesses will come to a halt in many cases, and the American family will suffer the consequences in the form of lost jobs and a very diminished quality of life".
He further said, "In short, the agreement doesn't eliminate coal jobs, it just transfers those jobs out of America and the United States, and ships them to foreign countries.
This agreement is less about the climate and more about other countries gaining a financial advantage over the United States." Terming the accord more in favour of countries like China and India, Trump said - "China will be allowed to build hundreds of additional coal plants.
So we can't build the plants, but they can, according to this agreement. India will be allowed to double its coal production by 2020. Think of it: India can double their coal production. We're supposed to get rid of ours. Even Europe is allowed to continue construction of coal plants." Underling the darker side of the accord, President said, "Beyond the severe energy restrictions inflicted by the Paris Accord, it includes yet another scheme to redistribute wealth out of the United States through the so-called Green Climate Fund -- nice name -- which calls for developed countries to send USD 100 billion to developing countries all on top of America's existing and massive foreign aid payments.
So we're going to be paying billions and billions and billions of dollars, and we're already way ahead of anybody else.
Many of the other countries haven't spent anything, and many of them will never pay one dime". Raising fingers on the benefits of Paris accord, President said, "Even if the Paris Agreement were implemented in full, with total compliance from all nations, it is estimated it would only produce a two-tenths of one degree -- think of that; this much -- Celsius reduction in global temperature by the year 2100.
Tiny, tiny amount. In fact, 14 days of carbon emissions from China alone would wipe out the gains from America -- and this is an incredible statistic -- would totally wipe out the gains from America's expected reductions in the year 2030, after we have had to spend billions and billions of dollars, lost jobs, closed factories, and suffered much higher energy costs for our businesses and for our homes." Justifying his decision to withdraw from the Paris accord, Trump said, "Staying in the agreement could also pose serious obstacles for the United States as we begin the process of unlocking the restrictions on America's abundant energy reserves, which we have started very strongly.
It would once have been unthinkable that an international agreement could prevent the United States from conducting its own domestic economic affairs, but this is the new reality we face if we do not leave the agreement or if we do not negotiate a far better deal." "As President, I have one obligation, and that obligation is to the American people.
The Paris Accord would undermine our economy, hamstring our workers, weaken our sovereignty, impose unacceptable legal risks, and put us at a permanent disadvantage to the other countries of the world.
It is time to exit the Paris Accord -- and time to pursue a new deal that protects the environment, our companies, our citizens, and our country.
It is time to put Youngstown, Ohio, Detroit, Michigan, and Pittsburgh, Pennsylvania -- along with many, many other locations within our great country -- before Paris, France.
It is time to make America great again," said Trump..
Source: ANI
