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 said Monday he will again withdraw the United States from the landmark Paris climate agreement, dealing a blow to worldwide efforts to combat global warming and once again distancing the U.S. from its closest allies.

U.S. withdrawal from the world's primary climate pact will have a bigger impact - in the U.S. and globally - than the country's first retreat in 2017, analysts and diplomats told Reuters.

Quitting the Paris Agreement triggers a cascade of real-world impacts and signals the beginning of an aggressive agenda to undo U.S. climate policy.

With so much federal backtracking already underway, all eyes now turn toward states like ours to lead the effort against climate change.