Business dismay over Trump's Paris pull-out

Cheryl Sanders
June 3, 2017

In the wake of U.S. president Donald Trump's monumental decision to withdraw the United States from the 2015 Paris climate agreement on Thursday, expressions of disapproval echoed around the world.

Canete also predicted that the European Union would seek new alliances from the world's largest economies to the most vulnerable island states, as well as USA businesses and individuals supportive of the accord.

By bailing on the Paris deal, the US federal government "is on its own", said Höhne, a founding partner of the NewClimate Institute.

"Climate change requires a global approach".

"We note the United States' decision with regret", they said, describing the carbon-curbing accord as "a vital tool for our planet, our societies and our economies".

In an interview with Britain's Telegraph newspaper on Friday, Peduto said mayors and governors across the United States were uniting to stand behind the Paris deal to fight climate change.

"On a global issue like climate change, there are no national borders".

The decision by the United States to walk out of Paris climate agreement has opened the debate about China now assuming global leadership for a greener world.

Fellow CEOs Elon Musk of Tesla TSLA, -0.19% and Robert Iger of Disney DIS, +0.25% said they would leave presidential advisory councils, citing their disapproval of Trump's decision on the Paris pact. "President Trump does not speak for Seattle and he does not speak for cities throughout this nation".

Others like China, Russia, India and Mexico also quickly signaled to unite to save "Mother Earth".

The US now joins Nicaragua and Syria as the only non-participants to the accord, signed by 195 nations including Washington in Paris in December 2015 to combat climate change.

I made clear to President Trump, as did other G7 leaders, last week that we believe in the importance of the Paris agreement and we wanted the United States to remain within it.

President Donald Trump says the U.S. could try to re-enter the worldwide climate agreement sealed in Paris if the deal were more favorable to Americans.

She adds that "we need this Paris agreement to preserve creation".

Trump indicated that wasn't a priority as he explained why he was pulling the U.S. out of the Paris accord in the first place.

But the US withdrawal means it is now under less pressure to bring emissions to a peak substantially earlier than 2030, or to introduce even tougher commitments, as the Paris agreement allows.

While traveling overseas last week, Trump was repeatedly pressed to stay in the deal by European leaders and Pope Francis.

"I urge the White House to take a new look at this issue with America's best interests in mind and in the spirit of working with our world partners on protecting the environment". However, she expressed disappointment at the USA decision to pull out from the agreement in a phone call with Trump.

Russian Federation joined the chorus speaking out for the climate accord. "In the last seven years, California has created 2.3 million new jobs - outpacing most of the United States - cut its unemployment rate in half, eliminated a $27 billion budget deficit and has seen its credit rating rise to the highest level in more than a decade". "They can do whatever they want for 13 years".

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