Goldman's Blankfein criticizes US decision to leave Paris climate deal

Goldman's Blankfein criticizes US decision to leave Paris climate deal

Goldman's Blankfein criticizes US decision to leave Paris climate deal

" #ParisAgreement", Lloyd Blankfein wrote, in a tweet that garnered over 2,500 retweets within two hours. "We're all on this planet together and we need to work together". "Based on our vast experience doing business all over the world, we believe there is strong potential for negative trade implications if the United States exits from the Paris Agreement", the letter said.

"Today's decision is a setback for the environment and for the U.S.'s leadership position in the world".

In his first blog post after becoming CEO, Woods advocated low-emission fuels, carbon capture and biofuels as tools for meeting the goals of the Paris agreement.

Lloyd Blankfein, chief executive of Goldman Sachs, ...

Blankfein, a Hillary Clinton supporter, was asked whether he wished he had backed Donald Trump back in January.

The Trump administration has hired a number of former Goldman senior executives to fill top roles, including Blankfein's former deputy Gary Cohn.

Marcie Frost, chief executive of the $322bn California Public Employees' Retirement System, said: "Calpers supports the Paris Agreement because it makes financial sense".

US Treasury Secretary Steven Mnuchin also worked previously at Goldman, as did White House strategist Steve Bannon.

The decision to drop out of the climate accord has drawn ire form many bigwigs in the private sector.

JP Morgan also condemned Mr Trump's travel ban earlier in the year, but chief executive Jamie Dimon still sits on the President's business advisory council, which is created to assist the administration when making decisions on policy.

"Am departing presidential councils".

Cook's words reflect the wave of negative reaction against Trump's announcement that he will pull the U.S. out of the historic climate change deal agreed in Paris in December.

Musk said he would follow through on his earlier pledge to quit the council should Trump abandon Paris.

General Electric CEO Jeff Immelt also tweeted his disappointment after Trump's announcement on Thursday. "Industry must now lead and not depend on government". "The Paris Agreement enables us to manage material risk and build opportunity in our investment portfolio", she said.

On Thursday Trump announced the US was withdrawing from the Paris agreement in a move that reversed a prior decision by his predecessor, President Barack Obama, who had hoped the agreement could help combat climate change.

Recommended News

  • Cher devastated by the death of her ex-husband, singer Gregg Allman

    The pair split for good after their 1977 duet album, Two the Hard Way (recorded under the name Allman and Woman), flopped. He announced on August 5 that he was "under his doctor's care at the Mayo Clinic" due to "serious health issues".
    Angelina Jolie talks to her late mother

    Angelina Jolie talks to her late mother "often"

    The same source claimed that Angelina's children are growing and the actress has the resources to take care of more kids. Jolie finds herself talking to Bertrand in her mind often, and think about what advice she would offer.
    Sex Toys, 30000 Condoms Stolen From Warehouse

    Sex Toys, 30000 Condoms Stolen From Warehouse

    On Saturday morning, they returned and drove a vehicle through the delivery door and stole more than $6,000 worth of sex toys. In return, Lelo said they will donate the full retail value of the stolen goods to the charity of that person's choice.
  • Small quake  reported north of Salem

    Small quake reported north of Salem

    Residents in nearby Oklahoma towns reported similar responses on the USGS's "Did You Feel It?" reporting system. Two 3.8-magnitude earthquakes were recorded Tuesday, about 9 a.m. and 6:15 p.m., 12 miles west of Perry.
    Penguins take 2-0 series lead over Predators

    Penguins take 2-0 series lead over Predators

    Gregor, 18, scored 27 goals and added 34 assists to go along with a plus-5 rating in 52 WHL games with Moose Jaw in 2016-17. The OCRegister wrote about the Penguins Game 2 victory and quoted Guentzel on his performance throughout these playoffs.
    Cabrera, White Sox spoil Price's season debut

    Cabrera, White Sox spoil Price's season debut

    Whenever you question a Joe Maddon decision you always have to preface it with the disclaimer about what a great manager Joe is. Parker Bridwell (1-0) gave up three runs and six hits in six-plus innings in his first major league start.
  • Amazing features on Google Maps

    Amazing features on Google Maps

    Add a parking lot or garage to your destination Google Maps can direct you straight to your chosen parking lot or garage. Create your own custom map You can create your own custom map with places that matter to you or your favourite places.

    Tony Adams 'prayed' Arsene Wenger would quit Arsenal after FA Cup win

    Craig Burley doesn't mince his words when it comes to how he feels about Arsene Wenger's two-year extension at Arsenal . Wenger joined the club on 1 October 1996 and is now the longest-serving manager in the English football league.
    A look at the key duels in the Champions League final

    A look at the key duels in the Champions League final

    FuBoTV carries FOX and you can watch a live stream of the Champions League final between Real Madrid and Juventus (Free trial ). And all the rest paid off, with him scoring 14 goals in his last nine matches for his best run of the season.
  • Buchanan urges Trump to keep USA in climate accord

    "This is a dagger aimed straight to the heart of New York City", de Blasio said during an unrelated news conference in Red Hook. A study previous year in the journal Nature Climate Change said America will probably only reach four-fifths of that goal.

    Snowden's Leaks Not Treason, Putin Tells Oliver Stone

    Nor did he transfer any information to any other country which would have been pernicious to his own country or to his own people. In 2014, Snowden received a three-year residence permit to live in Russian Federation , which was later extended until 2020.

    Invests $357000 in Steel Dynamics, Inc. (STLD)

    Several institutional investors have recently modified their holdings of STLD. 82 funds opened positions while 101 raised stakes. It is negative, as 89 investors sold CRM shares while 255 reduced holdings. 135 funds opened positions while 411 raised stakes.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.