Last month, I signed a letter with 21 of my Senate colleagues urging President Trump to withdraw from the Paris climate agreement. The 2015 deal made by the Obama administration runs counter to the actions President Trump has taken to deliver regulatory relief to American families and workers since he took office.
Chief among those actions is an executive order to end President Obama’s so-called Clean Power Plan. The carbon dioxide rules at the center of the Clean Power Plan amount to an intrusive overreach, and the Supreme Court has halted their implementation.
The Paris agreement stood in the way of President Trump’s efforts to eliminate these costly carbon dioxide rules. But this would be the least of its harm. A report released in March by NERA Economic Consulting suggests that the climate deal could cost the U.S. economy nearly $3 trillion and more than 6 million industrial sector jobs by 2040.