Official threatens PLO will revoke recognition of Israel in response to US embassy move
Ma’an, independent Palestinian news agency - Jan. 18, 2017

 
Headline: “Khaled: We must remind Trump about international law”
     “PLO Executive Committee member Tayseer Khaled warned against the dangers of any uncalculated adventure that American President-elect Donald Trump might set off on at the US Presidential Inauguration Ceremony this Friday [Jan. 20, 2017] or afterwards, through a declaration on the transfer of the American Embassy from Tel Aviv to Jerusalem…
Tayseer Khaled again emphasized that we must move from non-credible verbal threats to active steps which have been long awaited, if Donald Trump sets off on an uncalculated adventure like this. This would be by the PLO declaring the end of the transition period, ending the unfair obligations that are imposed on it - including the revocation of the Palestinian recognition of the State of Israel which was given for free, relying on UN General Assembly Resolution 67/19 on recognition of the State of Palestine (i.e., the granting of non-member observer state status to the PA in 2012) and on the recent [UN] Security Council Resolution 2334 last Dec. 24 (sic., Dec. 23, 2016), and calling on the international community to bear its responsibilities and to stop working with Israel as an unusual state that is above the law and has a right to act according to the law of the jungle.”
Click to view bulletin

UN Security Council Resolution 2334 was passed on Dec. 23, 2016, by a vote of 14-0 with one abstention.
The resolution condemned the establishment of Israeli "settlements in the Palestinian territory occupied since 1967, including East Jerusalem," saying it "has no legal validity and constitutes a flagrant violation under international law and a major obstacle to the achievement of the two-State solution and a just, lasting and comprehensive peace." It demanded that Israel “immediately and completely cease all settlement activities” in the area. The resolution further said “it will not recognize any changes to the 4 June 1967 lines” other than changes made through negotiations, in reference to the 1949-1967 ceasefire line between Israel and the neighboring Arab countries following Israel's 1948 War of Independence.
The resolution called “upon all States… to distinguish, in their relevant dealings, between the territory of the State of Israel and the territories occupied since 1967.” It also called "to prevent all acts of violence against civilians, including acts of terror, as well as acts of provocation and destruction... and to clearly condemn all acts of terrorism," and noted the obligation of "the Palestinian Authority Security Forces to maintain effective operations aimed at confronting all those engaged in terror and dismantling terrorist capabilities."
The US abstained instead of vetoing the resolution, in a breach of longstanding US policy of not allowing the UN to force conditions on Israel in place of direct negotiations. This policy change came during US President Barack Obama’s final weeks in office.

Extra info: http://www.un.org/webcast/pdfs/SRES2334-2016.pdf