Risks are increasing because, historically, these agreements only become ambitious over time. In other words, the Paris framework is a starting point, no matter how bad, it is not an end point. And the exit from the agreement protects the United States from future violations of U.S. sovereignty and from any future massive legal liability. Believe me, we have a massive legal responsibility if we continue to do so. The agreement is a massive redistribution of wealth from the United States to other countries. With a growth of 1%, renewable energy sources can meet part of our domestic demand, but with 3 or 4% growth that I expect, we need all forms of American energy available, or our country – (Applause) – will be seriously threatened by power cuts and power cuts, our businesses will often stop, and the American family will suffer the consequences in the form of lost jobs and a very low quality of life. Maintaining the agreement could also be serious obstacles for the United States when we begin to implement the restrictions on the abundant energy reserves of the United States, which we have very strongly initiated. It would have been unthinkable if an international agreement could have prevented the United States from conducting its own internal economic affairs, but that is the new reality we face if we do not leave the agreement or negotiate a much better deal. There are also serious legal and constitutional issues. Foreign leaders in Europe, Asia and around the world should have no more to say about the U.S. economy than our own citizens and their elected representatives. That is why our withdrawal from the agreement is a reaffirmation of American sovereignty.
(Applause) Our constitution is unique among all the nations of the world, and it is my supreme commitment and the greatest honor to protect them. And I will. The same nations that are asking us to maintain the agreement are the countries that have cost the United States billions of dollars through hard trade practices and, in many cases, lax contributions to our critical military alliance. You see what`s going on. It`s pretty obvious to those who want to keep an open mind. No responsible leader can bring workers – and people – of their country into this debilitating and enormous disadvantage. The fact that the Paris Agreement is hampering the United States, while allowing some of the world`s largest polluters, should dispel any doubt as to why foreign lobbyists want to link and bind our great country to this agreement: it is about giving their country an economic advantage over the United States. That will not happen as long as I am president. I am sorry.
(Applause) Thus, the United States will cease today all implementation of the non-binding Paris Agreement and the draconian financial and economic burdens that the agreement imposes on our country. It also means ending the implementation of the national contribution and, most importantly, the Green Climate Fund, which is costing the United States a huge fortune. You promised to put America at the forefront of everything you do, and you did it in different ways, from trade to national security, to protecting our borders, to the rights of Washington, D.C. And today, you put America first in terms of international agreements and the environment. We have one of the most frequent energy reserves in the world, enough to lift America`s poorest working people out of poverty.