05 Jun WND: Why Did Some U.S. Firms Support Paris Agreement?
By E. Calvin Beisner, Ph.D.
Since well before former President Barack Obama signed onto it as an executive agreement (because he knew the Senate wouldn’t ratify it), a number of large American corporations have supported the Paris climate accord. As the time neared when President Donald Trump would announce whether he would keep his campaign promise to withdraw from it, some signed an open letter advising him not to.
Many corporations are household names – Adobe, Blue Cross Blue Shield of Massachusetts, Facebook, Gap, Google, Hewlett Packard Enterprise, Intel, Johnson Controls, Levi Strauss, Microsoft, PG&E (Pacific Gas & Electric) and Unilever among them.
Why would they do that? Let’s take their stated reasons one by one.
First, “Strengthening Competitiveness: By requiring action by developed and developing countries alike, the agreement ensures a more balanced global effort, reducing the risk of competitive imbalances for U.S. companies.”
The trouble is, Paris, with no enforcement mechanism, doesn’t “require” action by any countries, and the “Intended Nationally Determined Contributions” (INDC) by most developing countries committed themselves to no, or next to no, emission reductions. In contrast, the Obama-submitted U.S. INDC committed the U.S. to major reductions by 2025 – long before giant emitters like China and India would even begin any change in their projected emissions growth. (And India demanded over $2 trillion in subsidies or it would do nothing.)
Read more at WND.com.