USA could conceivably return to Paris climate accord

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President Donald Trump and Norway's prime minister are bonding over economic ties and military might as the two leaders meet for talks expected to focus on security issues and jobs.

Trump said the Paris agreement was very unfair to the United States because it imposed penalties and took away many US asset values.

The President - who has been a vocal champion of the United States fossil fuel industries as well as frequently voicing climate change scepticism - said the Paris Agreement signalled a "tremendous penalty" for using gas, coal and oil energy, suggesting the deal was harsher on USA interests than Russian and China.

Donald Trump also seems to believe that the United States is "very strong on the environment" and that the country's Environmental Protection Agency (EPA) is out to protect the environment.

This is not the first time Trump has hinted that the US could rejoin the pact. "We make the greatest military equipment in the world and you buy a lot of it". "We could conceivably go back in", he said.

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"It took away a lot of our asset values", he explained.

The landmark agreement, which entered into force last November, calls on countries to combat climate change and to accelerate and intensify the actions and investments needed for a sustainable low carbon future, and to adapt to the increasing impacts of climate change. "I'm not going to let it happen".

According to some estimates, the United States would have had to close businesses in order to qualify by 2025.

Trump claimed that the Paris agreement was very unfair to the United States because it imposed penalties and took away many USA asset values. "China, by 2030-they don't kick in until 2030", he said as an example. Experts say there is nothing in the Paris deal which bans specific types of fuels, nor are there any penalties.Also, the treaty takes a bottom-up approach, with each country making its own commitments towards reducing the release of greenhouse gas. "Our EPA and our EPA commissioners are very, very powerful in the sense that they want to have clean water, clean air, but we also want businesses that can compete and the Paris Accord rally would have taken away our competitive edge, and we're not going to let that happen". In fact most of your energy or your electricity is produced by hydro.