Finance

France's Macron tells Trump he will defend climate deal

France's Macron tells Trump he will defend climate deal

Meanwhile, more than 215 global investors, collectively managing more than $15 trillion in assets, sent a letter of their own today to President Trump and other G20 leaders urging them to support and swiftly implement the climate accord.

The postponement also allows more time for top administration officials to hash out the potential benefits and legal risks of remaining in the global carbon-cutting pact reached among almost 200 nations in December 2015.

"Global investors are eager to open their wallets to a low-carbon future, but it won't happen without clear, stable policy signals from countries worldwide - in particular, the United States government, whose waffling on the Paris Climate agreement is hugely troubling".

Widely hailed as the last chance to stave off worst-case-scenario global warming, the Paris Agreement was savaged by a campaigning Trump, who called climate change a "hoax" perpetrated by China.

Trump has promised to announce a decision before a Group of Seven summit at the end of May, but the White House official did not say when the meeting would be rescheduled. Please keep the U.S.in the Paris Climate Agreement.

The divide within the White House is between those, like Secretary of State Rex Tillerson and Energy Secretary Rick Perry, who would have the US revise its commitment downward, and those like EPA administrator Scott Pruitt who believe simply remaining in the deal at all opens the Trump administration up to legal challenges to its domestic energy policies.

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Despite President Donald Trump's threat to pull America from the Paris Agreement, about 3,000 climate negotiators met in the city of Bonn, Germany on Tuesday, to discuss the nitty gritty of the global deal that was negotiated late past year.

The full-page ad is part of a six-figure ad campaign this week in the The New York Times, The Wall Street Journal and New York Post.

"The treaty is based on the idea that from now on developed nations like the USA must live with less and pay more".

The Bonn talks have been overshadowed by fears that the world's number two carbon polluter will pull out of the agreement and throw the process into disarray.

Trump vowed during his presidential campaign to "cancel" U.S. participation in the accord, which obliges countries to slash their greenhouse gas emissions to keep global temperatures from rising to catastrophic levels. "Climate change action must be an urgent priority in the G20 countries, especially the United States, whose commitment is in question", Mindy Lubber, head of the non-profit organization Ceres that drove the efforts to put together the letter, said in a statement. "It's unfair by any measure".

Spicer said Trump is continuing to hear from advisers on the pros and cons of remaining in the global accord.


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