• Sign up for the Daily Digest E-mail
  • X
  • LinkedIn
  • See more results

    Generic selectors
    Exact matches only
    Search in title
    Search in content
    Post Type Selectors

BOE Report

Sign up

See more results

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • Home
  • StackDX Intel
  • Headlines
    • Latest Headlines
    • Featured Companies
    • Columns
    • Discussions
  • Well Activity
    • Well Licences
    • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts/Data
    • CAOEC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
    • Data
      • Canada Oil Market Data
      • Canada NG Market Data
      • USA Market Data
      • Data Downloads
  • Jobs

Trump withdraws from Paris climate agreement, again

January 20, 202510:55 AM Reuters0 Comments

President Donald Trump once again withdrew the United States from the Paris climate deal on Monday, removing the world’s biggest historic emitter from global efforts to fight climate change for the second time in a decade.

The move places the United States alongside Iran, Libya and Yemen as the only countries in the world outside the 2015 pact, in which governments agreed to limit global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) above pre-industrial levels to avoid the worst impacts of climate change.

It reflects Trump’s skepticism about global warming, which he has called a hoax, and fits in with his broader agenda to unfetter U.S. oil and gas drillers from regulation so they can maximize output.

Trump signed the executive order withdrawing from the pact in front of supporters gathered at the Capital One Arena in Washington.

“I’m immediately withdrawing from the unfair, one-sided Paris climate accord rip-off,” he said before signing the order.

“The United States will not sabotage our own industries while China pollutes with impunity,” Trump said.

Despite the withdrawal, United Nations Secretary-General Antonio Guterres is confident that U.S. cities, states and businesses “will continue to demonstrate vision and leadership by working for the low-carbon, resilient economic growth that will create quality jobs,” said associate U.N. spokesperson Florencia Soto Nino, in a written statement.

“It is crucial that the United States remains a leader on environmental issues,” she said. “The collective efforts under the Paris Agreement have made a difference but we need to go much further and faster together.”

The United States has to formally notify U.N. Secretary General Antonio Guterres of its withdrawal, which – under the terms of the deal – will take effect one year later.

The United States is already the world’s top producer of oil and natural gas thanks to a years-long drilling boom in Texas, New Mexico and elsewhere, fueled by fracking technology and strong global prices since Russia’s invasion of Ukraine.

SECOND U.S. WITHDRAWAL

Trump also withdrew the U.S. from the Paris deal during his first term in office, though the process took years and was immediately reversed by the Biden presidency in 2021. The withdrawal this time around is likely to take less time – as little as a year – because Trump will not be bound by the deal’s initial three-year commitment.

This time could also be more damaging to global climate efforts, said Paul Watkinson, a former climate negotiator and senior policy advisor for France.

The U.S. is currently the world’s second-biggest greenhouse gas emitter behind China and its departure undermines global ambition to slash those emissions.

“It will be harder this time because we are in the thick of implementation, up against real choices,” Watkinson said.

The world is now on pace for global warming of more than 3 C by the end of the century, according to a recent United Nations report, a level scientists warn would trigger cascading impacts such as sea level rise, heat waves, and devastating storms.

Nations have already been struggling to make steep cuts to emissions required to lower the projected temperature increase, as wars, political tensions and tight government budgets push climate change down the list of priorities.

Trump’s approach cuts a stark contrast to that of former President Joe Biden, who wanted the United States to lead global climate efforts and sought to encourage a transition away from oil and gas using subsidies and regulations.

Trump has said he intends to unwind those subsidies and regulations to shore up the nation’s budget and grow the economy, but has said he can do that while ensuring clean air and water in the United States.

Li Shuo, an expert in climate diplomacy at the Asia Society Policy Institute, said the U.S. withdrawal risks undermining the United States’ ability to compete with China in clean energy markets such as solar power and electric vehicles.

“China stands to win, and the U.S. risks lagging further behind,” he said.

(Reporting by Valerie Volcovici, Jarrett Renshaw and Jasper Ward ; Editing by Caitlin Webber, Nia Williams and Rod Nickel)

Follow BOE Report
  • Facebook
  • X
  • LinkedIn

Sign up for the BOE Report Daily Digest E-mail

Successfully subscribed

Latest Headlines
  • BP names Carol Howle as deputy CEO, to oversee portfolio review, strategy
  • Conservatives call for lower gas tax and cuts to ‘wasteful spending’ to pay for it
  • US not engaged in any talks about new oil stocks release, official says
  • Lineup Resources Corp.: Property Divestiture
  • New Nova Scotia Onshore Natural Gas Opportunity includes incentives to help offset early-stage exploration costs

Return to Home
Alberta GasMonthly Avg.
CAD/GJ
Market Data by TradingView

    Report Error







    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    • Editorial Policy
    Resources
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contact
    • Report Error
    BOE Network
    © 2026 Stack Technologies Ltd.