As US President Donald Trump nears a final decision on the Paris climate agreement, top corporate executives are mounting a last-minute push aimed at persuading Mr Trump that the U.S. has more to lose from abandoning the accord.
The appeals from chief executives come as Trump’s advisers also present him with closing arguments on the potential risks and rewards of remaining a party to the global pact.
The executives are trying to capitalize on Trump’s “America first” ideology by warning that a withdrawal would put the U.S. at a disadvantage in a global race to develop and deploy clean-energy technology, potentially ceding that market opportunity to China, the world’s top emitter of greenhouse gas emissions.
Trump also got an earful from foreign leaders and Pope Francis urging him to stay in the agreement.
However, not all corporations are in line on the Paris agreement. Some coal producers, including Murray Energy Corp., oppose the pact.
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Source: Bloomberg, 1 June 2017