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) China will be allowed to build hundreds of other coal-fired power plants. Therefore, we cannot build the facilities, but they can, in accordance with this agreement. India can double its coal production by 2020. Remember: India can double its coal production. We have to get rid of it. Europe can also continue to build coal-fired power plants. In short, the agreement does not eliminate coal jobs, it only transfers those jobs from the United States and the United States and ships them overseas.
This agreement is not so much about climate as it is about other countries gaining a financial advantage over the United States. The rest of the world applauded when we signed the Paris Agreement — they went wild; they were so happy – for the simple reason that it put our country, the United States of America, which we all love, in a very, very great economic disadvantage. A cynic would say that the obvious reason for the economic competitors and their desire to stay in the agreement is that we continue to suffer this great self-inflicted economic injury. It would be very difficult to compete with other countries in other parts of the world. 2. If the Fund`s holdings in the member`s currency are not sufficient to pay the net amount owed by the Fund, the balance is paid in a freely usable currency or in some other form that can be agreed upon. If the Fund and the outgoing member fail to reach an agreement within six months of the date of withdrawal, the currency in question, which the Fund holds, is immediately paid to the outgoing member. The balance payable is paid in ten semi-annual instalments over the next five years.