These US companies don’t want Trump to pull out of the Paris agreement



Paris climate change agreement
Environmentalists
holds up a banner at a protest demonstration near the Eiffel
Tower in Paris, France.

REUTERS/Mal
Langsdon


With Donald Trump reportedly preparing to
pull the US out of the Paris climate
agreement
, companies are speaking out — and saying that
the American economy will suffer if he does.

In 2015, every country in the world
except two

signed the Paris agreement
in a joint effort to combat the
rising threat of global warming. Under former President
Barack Obama, the US agreed to reduce greenhouse gas
emissions by 26% to 28% for 2025.

Gap, Facebook, Google, Microsoft, Morgan Stanley, Mars, Adobe,
and Apple are just some of the major companies that
signed a letter
 to Trump asking him to keep the status
quo. Over the last month, the letter appeared as full-page ads in
the New York Times, the Wall Street Journal, and the New York
Post.

“By strengthening global action over time, the agreement will
reduce future climate impacts, including damage to business
facilities and operations, declining agricultural productivity
and water supplies, and disruption of global supply chains,” the
letter states. It also argues that investing in various clean
energy initiatives will generate jobs.

“A lot of US businesses are concerned about the potential trade
ramifications of a US withdrawal,” Elliot Diringer, executive
vice president of the Center for Climate and Energy Solutions,
the organization that sponsored the full-page ads, told Business
Insider. “They think it’s important that the US remain in Paris
to ensure them access to the growing clean energy markets around
the world, and they see that a US withdrawal could hurt their
access to those markets.”

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While Exxon Mobil and ConocoPhillips did not participate in the
ad campaign, leaders of both major oil producers
have frequently
said
 they oppose Trump’s plan to withdraw from Paris,
arguing that it would leave the US out of negotiations on the
state of fossil fuels.

During his time as CEO of Exxon Mobil, Trump’s now Secretary of
State Rex Tillerson
said
 the company supported the agreement.

“At Exxon Mobil, we share the view that the risks of climate
change are serious and warrant thoughtful action,” Tillerson said
at a speech in 2016. “Addressing these risks requires
broad-based, practical solutions around the world.”

In May, Tillerson signed
a declaration
 with other Arctic nations agreeing
that “the Arctic is warming at more than twice the rate of the
global average, resulting in widespread social, environmental,
and economic impacts in the Arctic and worldwide.” He,
along with Trump’s economic adviser and former Goldman Sachs
President Gary Cohn
, have both encouraged Trump to stay in
the accord.

Here is a list of companies that have urged Trump not to abandon
the Paris agreement:

  • Facebook
  • Google
  • Microsoft
  • The Gap
  • Exxon Mobil
  • ConocoPhillips
  • National Grid
  • Apple
  • Adobe
  • Danfoss
  • Levi Strauss & Co.
  • Mars Incorporated
  • Hewlett Packard Enterprise
  • Blue Cross Blue Shield of Massachusetts
  • Morgan Stanley
  • Unilever
  • Tiffany & Co
  • Dignity Health
  • Ingersoll Rand
  • Intel Corporation
  • PG&E Corporation
  • Johnson Controls
  • Royal DSM
  • The Hartford
  • Royal DSM
  • Salesforce
  • Schneider Electric
  • VF Corporation

Rebecca Harrington contributed reporting.

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