Hundreds Of Business Leaders, Others Implore President Trump Not To Break U.S. Promise On Paris Agreement

PRESS CONTACT: Max Karlin, (703) 276-3255, mkarlin@hastingsgroup.com.

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Hundreds Of Business Leaders, Others Implore President Trump Not To Break U.S. Promise On Paris Agreement

E2 Members: Withdrawing From Paris Agreement Could Take Opportunities Away From American Companies

WASHINGTON (May 30, 2017) – With President Trump considering pulling out of the Paris Climate Agreement, over 350 business leaders, investors and others wrote the president on Tuesday imploring him not to go back on U.S. pledges to the world to expand clean energy and reduce carbon pollution.

Withdrawing from the agreement could take opportunities away from American companies and hurt our economy, members of E2 (Environmental Entrepreneurs) wrote. See here for the full letter.

Pulling out of the Paris Agreement would:

  • Cede clean energy opportunities to China, Germany and other countries, hurting U.S. companies and 3 million Americans who work in solar, wind, energy efficiency and other sectors;
  • Exclude U.S. companies from an estimated $19 trillion in global clean energy opportunities;
  • Result in possible carbon tariffs on U.S. goods, a major blow to U.S. companies that do business overseas.

“Pulling out of the Paris agreement is bad for business, plain and simple,” said Bob Keefe, E2’s executive director. “If President Trump truly cares about jobs and our economy, he would be foolish to pull out.”

In addition to the letter sent to the White House on Tuesday, E2 member companies are also among the more than 1,000 businesses that urged President Trump earlier this year to stay in the Paris Agreement and pursue a low-carbon economy.

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Environmental Entrepreneurs (E2) is a national, nonpartisan group of business leaders, investors, and professionals from every sector of the economy who advocate for smart policies that are good for the economy and good for the environment. Our members have founded or funded more than 2,500 companies, created more than 600,000 jobs, and manage more than $100 billion in venture and private equity capital. For more information, see www.e2.org or follow us on Twitter at @e2org.

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