WASHINGTON--President Donald Trump came under pressure on Wednesday from corporate CEOs, U.S. allies, Democrats and some fellow Republicans to keep the United States in a global pact to fight climate change, while a source close to the matter said Trump was preparing to pull out of the Paris accord.
A U.S. withdrawal could deepen a rift with U.S. allies. The United States would join Syria and Nicaragua as the world's only non-participants in the landmark 195-nation accord agreed upon in Paris in 2015.
Responding to shouted questions from reporters in the White House Oval Office, Trump declined to say whether he had made up his mind, saying, "You'll find out very soon."
"I'm hearing from a lot of people, both ways," Trump said as he met with Vietnamese Prime Minister Nguyen Xuan Phuc. During his 2016 presidential campaign, Trump blasted the accord, and called global warming a hoax aimed at weakening U.S. industry.
The source, speaking on condition of anonymity, said Trump was working out terms of the planned withdrawal with U.S. Environmental Protection Agency Administrator Scott Pruitt, an oil industry ally and climate change doubter. The pact was the first legally binding global deal to fight climate change. Virtually every nation voluntarily committed to steps aimed at curbing global emissions of "greenhouse" gases. These include carbon dioxide generated from burning of fossil fuels that scientists blame for a warming planet, sea level rise, droughts and more frequent violent storms.
The United States committed to reduce its emissions by 26 to 28 percent from 2005 levels by 2025.
Advocates of the climate deal pressured Trump, who has changed his mind on large decisions before even after signaling a move in the opposite direction. The chief executives of dozens of companies have made last-minute appeals to Trump. The CEOs of ExxonMobil Corp, Apple Inc, Dow Chemical Co, Unilever NV and Tesla Inc were among those urging him to remain in the agreement. Tesla's Elon Musk threatened to quit White House advisory councils if the president pulls out.
Musk said: "I've done all I can to advise directly" to Trump and through others in the White House.
Robert Murray, CEO of Murray Energy Corp, an Ohio-based coal company and major Trump campaign donor, urged Trump to withdraw from the deal. But on Wednesday, U.S. coal company shares fell alongside renewable energy stocks following reports that Trump would pull out.
Pulling the United States from the accord could further alienate American allies in Europe already wary of Trump and call into question U.S. leadership and trustworthiness on one of the world's leading issues. It also would be one more step by the Republican president to erase the legacy of his predecessor, Democrat Barack Obama, who helped broker the accord and praised it during a trip to Europe this month.
A U.S. pullout could have sweeping implications. The deal relies heavily on reductions in emissions by big polluter nations, and the United States is the world's second-biggest carbon dioxide emitter behind China.
