Paris Agreement: Why Business Opposes Trump’s Withdrawal | Fortune.com

Alan Murray writes in Fortune:

President Trump announced yesterday he will withdraw the U.S. from the Paris agreement on climate change. That’s nothing new for a Republican president—George W. Bush steered clear of the Kyoto Protocol. But what’s changed in the last decade is the position of business. This time, a long list of CEOs urged the President to stay in the agreement. That not only included the left coast crowd—Apple CEO Tim Cook called the White House to lobby Trump, and Tesla’s Elon Musk quit the President’s advisory council after the announcement (as did Disney’s Robert Iger)—but also the likes of ExxonMobil CEO Darren Woods. GE’s Jeff Immelt and JP Morgan’s Jamie Dimon also dissented, while Goldman Sachs’s Lloyd Blankfein pointedly chose the President’s favorite medium, Twitter, to slam the decision (it was Blankfein’s first tweet since he joined the network six years ago).

Today’s decision is a setback for the environment and for the U.S.’s leadership position in the world. #ParisAgreement- Lloyd Blankfein (@lloydblankfein) June 1, 2017

Nick Akins, the head of American Electric Power—long one of the nation’s top coal consumers—typifies the change in business attitudes on climate change. In an interview with Fortune’s Susie Gharib, he argued that the U.S. should stay engaged in global climate agreements, and said Trump’s talk of reviving the coal industry was not realistic.

Source: Paris Agreement: Why Business Opposes Trump’s Withdrawal | Fortune.com

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