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

The Climate Deniers Have Won By Sidney Fussell on 02 Jun 2017 at 9:00AM RIP Earth

The Climate Deniers Have Won By Sidney Fussell on 02 Jun 2017 at 9:00AM RIP Earth

" #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.

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