USA "could conceivably" reenter Paris Climate Agreement

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The U.S. can possibly reenter the Paris climate agreement, President Donald Trump said in a joint conference with Norwegian Prime Minister Erna Solberg. "We have a total of 52 and they've delivered a number of them already a little ahead of schedule".

He also said during the presidential election campaign that he wanted to help United States oil and coal industries.It was not clear from his comments on Wednesday whether he has embarked on any attempt to renegotiate America's terms. "It took away a lot of our asset values", he said of the pact that includes every other nation in the United Nations.

The President - who has been a vocal champion of the U.S. fossil fuel industries as well as frequently voicing climate change scepticism - said the Paris Agreement signalled a "tremendous penalty" for using gas, coal and oil energy, suggesting the deal was harsher on USA interests than Russian and China.

"We are not going to let that happen".

There is nothing in the Paris deal which bans specific types of fuels, nor are there any penalties. "And if we can't, that's fine", President Trump said in June 2017. Norway, rich in Arctic oil and gas reserves, was the first developed nation to ratify the global agreement to reduce carbon emissions.

Despite being asked, Trump did not specify what changes were needed in the Paris deal to persuade him to keep the United States in. "The Paris Accord really would have taken away our competitive edge".

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"I feel very strongly about the environment... but we also want businesses that can compete". We're not gonna let that happen.

"Norway is a great customer, and a great ally and a great friend", Trump told Solberg.

"So we could conceivably go back in", President Trump said, without elaborating or directly answering a reporter's question as to what could persuade the stay in the Paris Accord.

While Solberg defended the Paris treaty, saying the Nordic country was "committed" to it, she did not publicly correct Trump's wrong statements. Norway's strict regulations to reach its Paris targets of reducing greenhouse gas emissions by 40% below 1990 by 2030 has spurred the use of "environmental friendly and climate friendly technologies".

Solberg said before the meeting that she'd put climate and "open world trade" on the agenda in the bilateral talks. In fact most of your energy or your electricity is produced by hydro.