Pulling out of the Paris climate pact may leave U.S. businesses outside the trading regimes worth hundreds of billions of dollars
President Donald Trump’s planned pullout from the Paris climate agreement has some U.S. companies worried that a business opportunity worth hundreds of billions of dollars is going to pass them by.
Trump has defended the Paris exit as a blow for U.S. economic sovereignty, contending that the non-binding pact that the Obama administration negotiated in 2015 would mean “lost jobs, lower wages, shuttered factories, and vastly diminished economic production” for the United States. “Would that emissions reduction be recognized in an international scheme?” asked CEO Steve Oldham. “And my frank answer to that is I don’t know.”
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