President Donald Trump announced on Thursday that his administration is backing out of the Paris Climate Accord that was agreed upon in 2015 by nearly 200 countries.

Trump said that the pact, which aims to combat climate change by reducing fossil fuel emissions, hurts American citizens and businesses.

Christopher Horner, an attorney and senior fellow at the Competitive Enterprise Institute, is a fan of the move, arguing the agreement is more about wealth redistribution than climate change.

He said that the UN's chief climate economist, Ottmar Edenhofer, acknowledged as much, admitting that they de facto redistribute the world's wealth through climate policy.

Horner added that the EU's climate minister, Margot Wallstrom, said it's about leveling the playing field.

"It's not about the climate," Horner said. "Wealthier is healthier, wealthier is cleaner, wealthier is more resilient. The U.S. is going to continue showing leadership. And this is an excellent step along that path."

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