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Elon Musk said Thursday he will leave his positions on three presidential councils.
Musk's decision follows an announcement from President Donald Trump that the U.S. will back out of the Paris climate accord.
Leaving the agreement is "not good for America or for the world," the Tesla and Space X CEO said in a tweet.
Musk had served on councils advising Trump on business, manufacturing
The landmark climate deal calls for the U.S. to reduce its greenhouse gas emissions by between 26 and 28 percent below 2005 levels by 2025, among other things.
Trump has said the Paris accord was negotiated to have terms that are unrealistic and unfair to the U.S.
The president is looking to withdraw from the accord and immediately restart talks to set targets that would be
The accord was the result of more than 20 years of negotiations, and the only countries in
the United Nations Framework Convention on Climate Change that
Proponents of the deal expect it will help bolster businesses like those that Musk runs. Both electric cars and solar energy can be used to help reach the targets proposed in the deal.
Silicon Valley investor Doug Derwin, who had pledged to spend up to $2 million of his own money on a campaign to pressure Musk to quit the councils, welcomed the news.
"Thanks, Elon, for doing the right thing," said Derwin, in a statement sent to CNBC on Thursday. "Welcome to the resistance."
Watch: Macron says Paris climate deal 'irreversible'