As Donald Trump prepares to make his first major rollback of Barack Obama’s climate policies, corporations employing more than 1.85 million people are warning such moves put “American prosperity at risk”.
More than two dozen Fortune 500 companies joined roughly 1,000 others in signing a letter addressed to Trump, Congress and “global leaders”. Together they have a revenue of more than US$1.2 trillion, according to sustainable investor network Ceres.
The letter said a low carbon economy could be “cost-effective” if policies supported energy efficiency and the transition of the energy system.
“Failure to build a low-carbon economy puts American prosperity at risk. But the right action now will create jobs and boost US competitiveness. We pledge to do our part, in our own operations and beyond, to realise the Paris Agreement’s commitment of a global economy that limits global temperature rise to well below 2 degrees Celsius,” it said.
The letter was placed as an advertisement in the Washington Post, Politico, the New York Times, and The Hill.
Read more at Businesses Urge Trump to Rethink Climate Bonfire