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Manufacturing and energy to information technology businesses concerned at Trump’s climate pullout

FT 1st June 2017 US companies in industries from manufacturing and energy to information technology have reacted with dismay to the prospect of President Donald Trump withdrawing from the Paris climate agreement, warning that pulling out of the accord would hit jobs and investment.

Businesses have raised concerns about the impact on markets for products that can help cut greenhouse gas emissions, and warned that countries remaining in the accord could impose retaliatory tariffs on American goods.

However, some groups have said they will press ahead with investments in emissions-reducing technologies, saying they expect continued long-term growth in demand despite the lack of support from the US administration. Leading US
companies including Apple, Facebook, Google, Intel and Microsoft have taken out an advertisement in US newspapers on Thursday with an open letter to Mr Trump arguing that the Paris agreement generates jobs and economic growth
by expanding the markets for innovative environmentally friendly technologies. It warns that withdrawal would limit US access to those markets.   https://www.ft.com/content/5f2b6e06-4663-11e7-8519-9f94ee97d996

June 2, 2017 - Posted by Christina Macpherson | business and costs, climate change, USA