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.