US firms’ plea to Trump
Print Edition
MORE than 360 mostly American companies and investors, including a dozen Fortune 500 firms, yesterday called on Donald Trump to uphold the 196-nation Paris climate pact.
An open letter released at UN climate talks in Marrakech called on the US president-elect to back “continued US participation in the Paris Agreement, in order to provide the long-term direction needed to keep global temperature rise below 2C,” or 2 degrees Celsius.
Trump has called global warming a “hoax,” and said he’d “cancel” the agreement.
Implementing the Paris deal, which entered into force earlier this month, would help businesses “turn the billions of dollars in existing low-carbon investments into the trillions of dollars the world needs to bring clean energy and prosperity to all,” the letter read.
DuPont, Gap, Hewlett Packard, Hilton and Nike were among the companies supporting the appeal.
Starbucks, General Mills, Kellogg, and Levi Strauss, along with European giants Schneider Electric and Unilever, also signed the letter.
“Failure to build a low-carbon economy puts American prosperity at risk,” it said.
Diplomats, CEOs and observers at the UN talks tasked with implementing the Paris accord were stunned by Trump’s ascendency to the White House, which threatens to destabilize a still-fragile consensus decades in the making.
“This is an important moment in global political and economic history, and we absolutely must come together to solve the immense challenges facing the planet,” said Barry Parkin, head of sustainability for the Mars company.
Other US companies underlined the risk of getting left behind in the transition from dirty to clean energy required to stave off climate change.
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