Joe Biden
Former Vice President Joe Biden speaks as he meets with Jewish community leaders at the David Posnack Jewish Community Center to discuss the nuclear deal reached with Iran in Davie, Florida, Sept. 3, 2015. Getty Images/Joe Raedle

Former Vice President Joe Biden is planning to launch a Political Action Committee (PAC), Thursday, which is the strongest sign that he plans to run for the White House in the 2020 presidential election.

Called, “American Possibilities,” his PAC would be “dedicated to electing people who believe that this country is about dreaming big, and supporting groups and causes that embody that spirit,” the Week reported.

Joe Biden has yet to verbally confirm that he will be contesting as a Democratic candidate in the 2020 election. However, he has never ruled out the possibility of a White House run in the future.

Joe Biden
Former Vice President Joe Biden attends an event to honor former Vice President Walter Mondale at George Washington University in Washington, D.C., Oct. 20, 2015. Getty Images/Mark Wilson

On May 18, during a SALT conference in Las Vegas, Biden stated that although his main focus was to be there for his family after he lost his son to brain cancer in December 2015, if circumstances permit, “I may very well do it [run for presidential office in 2020].”

In the same conference, he made it clear that he would have been a much better opponent to President Donald Trump than Hillary Clinton, had he participated in the 2016 election.

“I never thought she was a great candidate. I thought I was a great candidate,” he said at the time.

Read: Joe Biden Subtly Disses Donald Trump, Says Obama Did Not Have ‘A Single Scandal’ During His Presidency

In an interview with Stephen Colbert on “The Late Show,” Biden said he would not completely dismiss the possibility that people might get to see him compete for the White House, the Daily Beast reported.

“I don’t plan on running again, but to say you know what’s going to happen in four years I just think is not rational.”

The formation of the PAC just reasserts the fact that even if Biden does not shoulder the burden of running for office himself, he is going to actively try and get the Democrats to reclaim the White House in the next election cycle.

“Biden has a lot of support out there, and this gives him a way to grow that support while also helping Democrats win and build the party,” said Stephanie Cutter, a veteran Democratic strategist.

In a yet unpublished Medium post, Biden explained the reason he chose “American Possibilities” as the name for his PAC:

“Thinking big is stamped into the DNA of the American soul,” he wrote, the New York Times reported. “That’s why the negativity, the pettiness, the small-mindedness of our politics today drives me crazy.”

The news of Biden announcing a PAC for 2020 comes hours after it was suggested by multiple inside sources that Trump has decided to pull out of the Paris climate accord, according to a report by AXIOS. While Trump is expected to announce his final decision Thursday, 3:00 p.m. EDT, it is being reported that a small team spearheaded by Scott Pruitt, Administrator of the Environmental Protection Agency, is trying to come up with the best way to implement the withdrawal.

Joe Biden tweeted Wednesday indirectly condemning Trump’s stance on climate change by calling it “an existential threat to our future.” He also emphasized the importance of sticking to the Paris climate deal for the present administration.