"The nations that remain in the Paris Agreement will be the nations that reap the benefits in jobs and industries created. I believe the United States of America should be at the front of the pack," Obama said in a statement here.
"But even in the absence of American leadership; even as this Administration joins a small handful of nations that reject the future; I'm confident that our states, cities, and businesses will step up and do even more to lead the way, and help protect for future generations the one planet we've got," he said.
He said it was steady, principled American leadership on the world stage that made that achievement possible. It was bold American ambition that encouraged dozens of other nations to set their sights higher as well, he said.
"And what made that leadership and ambition possible was America's private innovation and public investment in growing industries like wind and solar - industries that created some of the fastest new streams of good-paying jobs in recent years, and contributed to the longest streak of job creation in our history," Obama said.
Jen Psaki, the former White House Communication Director said the announcement is devastating.
"For the eight years I worked at the White House and the State Department under president Obama, we had a simple rule: When we made a promise as a nation -- one that nearly every other government in the world stood behind, one that was popular with both businesses and citizens, and one that safeguarded a prosperous future for our children -- we kept it," Psaki said.
"It's bad for our relationship with the rest of the world. It's bad for our health and safety, our national security, our air, and our water," she said and asked fellow Americans to oppose such a move.
"Thanks to Paris, united worldwide progress on climate change isn't theoretical anymore. Nearly every other country in the world is formally on board, with plans to make serious cuts in carbon pollution in the coming decades.
"So here's our chance to join them -- to make this a short, ugly bump on an otherwise long road of global cooperation and progress. To let the world know that, even if this administration doesn't yet recognise it, we as citizens won't go silent on climate change," Psaki said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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