Goldman's Blankfein criticizes U.S decision to leave Paris climate deal

Xavier Trudeau
Juin 3, 2017

One of the more intriguing subplots around President Donald Trump's decision to pull the USA out of the Paris climate change agreement is the reaction it provoked from the "smartest guys in the room". His statement was also retweeted on Goldman Sachs's official account.

The Trump administration has hired a number of former Goldman senior executives to fill top roles, including Blankfein's former deputy Gary Cohn.

Cohn reportedly opposed Trump's decision to withdraw, but nevertheless watched on as the nationalist wing of Trump's White House declared victory in the Rose Garden.

JP Morgan also condemned Mr Trump's travel ban earlier in the year, but chief executive Jamie Dimon still sits on the President's business advisory council, which is created to assist the administration when making decisions on policy. Cohn, unsurprisingly, loyally defended his new boss's position to Wolf Blitzer on CNN yesterday, but a couple of times gave the impression that he's not really on the same page as the President when it comes to climate change.

Trump on Thursday made good on his election promise to back out of the 2015 Paris accord, an agreement among countries around the world to tackle climate change. Robert Iger, chairman and chief executive of Walt Disney, also resigned from the President's Council.

For Lloyd Blankfein, the answer was a bold call for American leadership.

"Despite this, the tech industry's determination to innovate and problem-solve for the threats posed by climate change and generate clean energy opportunities that create jobs and grow our economy remains unchanged".

He routinely criticized Hillary ClintonHillary Rodham ClintonFranken: Clinton, Dems need to "move on" from 2016 loss Goldman Sachs CEO rips Trump's Paris decision in his first tweet Dare to dream of a world without endless debt-ceiling hikes MORE for making paid speeches before Goldman employees, and Sen.

This post was syndicated from The Independent Uganda:.

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