The decisions that companies make about how much to grow oil production are first and foremost going to be determined by market signals.”

President Donald Trump has signed an executive order directing the United States to again withdraw the United States from the landmark Paris climate agreement.

The president on Monday announced his intention to withdraw the country, for the second time, from the global emissions reduction pact.

Paris climate agreement is not the boogeyman that punishes the United States that critics such as President Donald Trump claim. But it hasn't quite kept the world from overheating either. The Paris agreement is a mostly voluntary climate pact originally written in ways that would both try to reduce warming and withstand the changing political winds in the United States.