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President Obama said Friday that the Paris Agreement will increase private-sector investment in renewable energy, which will make approval from Congress irrelevant in the long run.

In his year-end press conference, Obama said the climate-change deal sends a strong message to businesses that the world is ready and willing to move toward a low-carbon future. That will create a different business dynamic, moving investment toward clean energy regardless of what Congress thinks of the deal, which was crafted to avoid certain rejection by the Senate.

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