“Pro Business” Administration’s Withdrawal from Paris Agreement Ignores the Bottom Line
President Trump's withdrawal of the US from the Paris Climate Agreement on the grounds that it is bad for the country’s economy rejected arguments by business leaders that withdrawal would have a negative effect on business. Executives from many corporations said that withdrawal would cost the US economy in future jobs in clean energy and in investment in new technology. Elon Musk of Tesla and Robert Iger of Disney so disagreed with the “bad for business” rationale that they announced their own withdrawal from the president’s business advisory council. Ironically, many companies said that the decision would have little immediate impact on their investments and strategies. Markets that drive profits will encourage companies to follow their bottom line interests, no matter the opposite direction of current climate policy.
John Howell, Editorial Director
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