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Andrew Harnik / AP

The White House is spinning the withdrawal from the Paris climate accord by focusing on how Trump is fulfilling a campaign promise, how much it would cost the U.S. to stay in (it's a "BAD" deal for Americans), and how the results from the deal would have been "negligible" anyways, according to documents obtained by Axios.

  • BAD deal: "Topline: The Paris Accord is a BAD deal for Americans"
  • Keeping promises: "[T]he President's action today is keeping his campaign promise to put American workers first."
  • The cost: Meeting the requirements in the Paris deal would cost the U.S. $3 trillion over the next several decades, plus the accord has a "UN Climate Slush Fund underwritten by American taxpayers"
  • The lost jobs: By 2040 the economy would lose 6.5 million industrial sector jobs
  • Claims about coal: "It would effectively decapitate our coal industry, which now supplies about one-third of our electric power"
  • Where the U.S. stands on clean energy: "The U.S. is ALREADY a Clean Energy and Oil & Gas Energy Leader...Since 2006, CO2 emissions have declined by 12 percent, and are expected to decline."
  • The Obama Administration signed the deal "out of desperation," and "the deal was negotiated BADLY, and extracts meaningless commitments from the world's top polluters"
  • Negligible results: Even "if all member nations met their obligations, the impact on the climate would be negligible," according to researchers at MIT.

Go deeper

Updated 16 mins ago - Politics & Policy

Suspect in FedEx shooting identified as 19-year-old former FedEx employee Brandon Hole

Crime scene investigators walk through the FedEx parking lot in Indianapolis the day after a mass shooting left nine dead, including the gunman, who took his own life. Photo: Jeff Dean/AFP via Getty Images.

The suspected gunman in Thursday's mass shooting at an Indianapolis FedEx facility that left at least eight people dead and multiple others wounded, has been identified by local police as 19-year-old Brandon Hole, who was a former employee of FedEx, a company spokesperson Bonny Harrison told the AP.

The latest: At least 100 people were in the building at the time of the mass shooting, authorities said Friday. Indianapolis Metropolitan Police Department Deputy Chief Craig McCartt told reporters that Hole worked at FedEx through 2020. He did specify the circumstances of Hole’s departure.

The legacy of Bernie Madoff

Bernie Madoff, architect of the largest Ponzi scheme in American history, died on Wednesday in federal prison, 11 years into his 150-year sentence.

Axios Re:Cap digs into Madoff’s crimes, what they revealed about America's financial system and what changed after the scheme came crashing down with Diana B. Henriques, author of the The Wizard of Lies: Bernie Madoff and the Death of Trust.

Updated 3 hours ago - World

Russia to expel 10 U.S diplomats, ban top Biden officials in response to sanctions

Photo: Alexei Druzhinin\TASS via Getty Images

Russia will expel 10 U.S. diplomats and add eight current and former U.S. officials to its no-entry list in retaliation for sanctions that the Biden administration leveled at Moscow on Friday, Russian foreign minister Sergey Lavrov said Friday.

Why it matters: The measures come after the U.S. said it would expel 10 Russian intelligence officers operating under diplomatic cover, as part of a broad package of sanctions retaliating against the SolarWinds hack of federal agencies and Russia's interference in the 2020 election.

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