Paris climate deal- US firms criticism Trump move

Author:chinatopwin
Source:chinatopwin
Release on:2017-06-08

Paris climate deal- US firms criticism Trump move
Some of the biggest firms in the US have reacted with dismay to President Donald Trump's

decision to pull out of the Paris climate deal.
General Electric, Facebook, Goldman Sachs and Walt Disney were among corporate giants

to condemn the move.
Critics say the withdrawal, part of Mr Trump's "America first" policy, will hurt US companies'

ability to work abroad and inhibit innovation.
US coal firms welcomed the move, saying it would save jobs and ease regulation.
The Dow Jones share index closed up 0.6% following the widely expected announcement.
'Not good'
Before Mr Trump confirmed he would go ahead with his campaign pledge to withdraw, a slew

of major companies issued statements urging him to remain in the deal.
After the announcement, they expressed disappointment.
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"Climate change is real," tweeted Jeff Immelt, chief executive of GE. "Industry must now lead

and not depend on government."
Tesla boss Elon Musk confirmed he would quit two seats on White House advisory groups.
He wrote on Twitter "Am departing presidential councils. Climate change is real. Leaving Paris

is not good for America or the world."
Walt Disney chief executive Robert Iger said he too would quit an advisory role, while Goldman

Sachs boss Lloyd Blankfein used his first ever tweet to condemn the move.