House Minority Leader Nancy Pelosi condemned a decision by President Trump to pull out of the Paris climate accord, calling it "a stunning abdication of American leadership and a grave threat to our planet's future."

Axios reported Wednesday that Trump would pull out of the agreement, fulfilling a campaign promise that he would withdraw from the accord because it would hurt American jobs and the economy.

Democrats and other proponents of the agreement, signed by 195 nations, believe it would slow man-made climate change.

"The Paris Accord honors our collective moral responsibility to leave future generations with a planet that is clean, healthy and sustainable," Pelosi, D-Calif., said. "The agreement deploys the full force of governments around the world to halt the rise in carbon emissions that cause extreme climate events, including record droughts, horrific famines and devastating floods, in addition to thousands of deaths each year from asthma attacks and other air pollution-related diseases. Rejecting the pact also sends a strong message to the marketplace to direct innovative, entrepreneurial investments in the clean energy economy elsewhere."

Other Democratic leaders echoed Pelosi's criticism of the president.

DNC Chairman Tom Perez said in a statement withdrawing from the agreement would "be a global embarrassment," and a denial of evidence that global warming is hurting the planet.

"We shouldn't have to wait until Mar-a-Lago is under water for President Trump to care about the consequences of climate change," Perez said. "And we shouldn't be joining Syria and Nicaragua as the only three countries in the United Nations to oppose this historic progress. We can't turn back now. We must speak out and make our voices heard."