USA to withdraw from Paris climate agreement
President Donald Trump has announced that the US will withdraw from the Paris climate agreement and cease implementation of the accord. The Paris agreement, signed by over 190 nations in December 2015, aims to hold the increase in global average temperature to below 2 degrees celsius in order to reduce the risks and impacts of climate change. The US is currently the second biggest greenhouse emitter in the world.
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Author: Ethan Wolff-Mann, Yahoo Finance (USA)
"Here's how CEOs reacted to Trump's exit from Paris climate agreement," 1 June 2017
The CEO of GE (GE), Jeff Immelt, tweeted his disappointment. (He is not on the council, but former GE CEO Jack Welch is. Welch has not issued any statements.) "Disappointed with today’s decision on the Paris Agreement. Climate change is real. Industry must now lead and not depend on government."
[Statements by CEOs: Tesla Motors, Walt Disney, Goldman Sachs, GE. Also refers to: General Motors, Blackstone, IBM]