What leaving the Paris climate deal means for business
- Author: Larry Hoffman Jun 11, 2017,
Jun 11, 2017, 19:28
It is not that the big exploration and production companies have awakened to the reality that climate change is a material concern. The President of the United States wants to level the field in terms of obligation with India and China, even as the GDP per capita between the three nations is far from equal.
Dozens of Connecticut residents converge along a bridge at a vigil and rally for the environment and against President Donald Trump's recent decision to withdraw the United States from the Paris climate accord on Sunday in Westport, Connecticut. Investors are voting on the imperative to the risks of climate change.
The big oil companies sell natural gas Exxon is the biggest gas producer in the USA which could benefit if the Paris accord further curtails production of coal, a rival fuel for generating electricity.
What I heard was the United States of America was treated unfairly in this nonbinding agreement and the president intends to renegotiate a better deal for us.
We have the most manufacturing jobs of any congressional district in the U.S. If our country had continued to participate in the climate agreement, it would have cost the U.S. 440,000 manufacturing jobs and 2.7 million jobs in total. This subtle modification is what is expected to leave indelible footprints of entire humanity on environment. This discretionary power, along with freedom of voluntary enforcement, awarded to every country is, in actuality, the root cause of resentment and resistance shown by Trump.
In simpler words, we are not contributing as much as we are and will be suffering from.
The official, who is familiar with the Paris Agreement, added the Philippines is one of the most vulnerable countries to the impact of climate change.
German Chancellor Angela Merkel, French President Emmanuel Macron and Italian Prime Minister Paolo Gentiloni have said the Paris agreement can not be renegotiated, urging their allies to speed up efforts to combat climate change. Leaving Paris is not good for America or the world, " he posted on Twitter. "The Trump administration's choice to step away from this nation's leadership role in pursuing that path and the clean energy investments that come with it necessitates a call to action for policy makers at the state and local levels, as well as decision makers in the corporate world, to assume a larger leadership role and implement the programs and practices that are needed to fill the void".
National Farmers Union President Roger Johnson said the president's decision rejects science and USA leadership in an effort that requires global attention, adding that family farmers and ranchers are already enduring consequences of climate change, and projections indicate these effects will worsen without an immediate and significant reduction in greenhouse gas emissions.
Der Spiegel said the aim had been to "isolate" Trump.
One other aspect of Trump's denial of the science of human-induced climate change is that the White House and the US federal government will not lift a finger to help USA citizens who will (and in some cases are already) suffering from the adverse impacts of climate change. We believe our industrial clients can lead the way in finding new clean fuel technologies and new beneficial uses of fossil fuels, including conservation and transition fuel technologies.
Trump said when he announced he was pulling out of the Paris accord that his administration would begin negotiations either to re-enter the deal or set up a new agreement on "terms that are fair to the United States".