fDi Markets Newswire:

Home / Locations / Americas / USA / US leaving Paris accord “will harm job growth”

Major US companies such as Microsoft and Google have aired their dismay at the Trump administration’s opt-out of the Paris Climate Agreement, reports Natasha Turak.

US companies have expressed their opposition to president Donald Trump’s decision to withdraw from the Paris Climate Agreement. Corporate giants Apple, Facebook, Google and Microsoft, among others, have argued that the Paris agreement generates jobs and growth, opening the market for more innovative and green technologies.

David MacLennan, CEO of global agricultural company Cargill, said the withdrawal would “negatively impact trade, economic vitality, the state of our environment and relationships among the world community”. Even energy giants ExxonMobil and General Electric previously tried to convince the president to remain in the accord.  

There is not expected to be much impact on the US’s economy overall in the near term. However, many fear that withdrawal will limit US access to new markets and investment in renewables may be hit. 

This article is sourced from fDi Magazine
fDi Magazine

The fDi Report 2018: Free Download

The fDi Report 2018 promobox

Crossborder investment monitor

fDi Markets - Cross border investment monitor

fDi Markets is the only online database tracking crossborder greenfield investment covering all sectors and countries worldwide. It provides real-time monitoring of investment projects, capital investment and job creation with powerful tools to track and profile companies investing overseas.

Click here to find out more about fDi Markets

Corporate location benchmarking tool

fDi Benchmark is the only online tool to benchmark the competitiveness of countries and cities in over 50 sectors. Its comprehensive location data series covers the main cost and quality competitiveness indicators for over 300 locations around the world.

Click here to find out more about fDi Benchmark

Research report

fDi Intelligence provides customised reports and data research which deliver vital business intelligence to corporations, investment promotion agencies, economic development organisations, consulting firms and research institutions.

Find out more.
Follow us on Twitter