WASHINGTON (November 4, 2019) – President Trump today formally notified the United Nations of his plans to withdraw the U.S. from the Paris Agreement on climate change. The U.S. will officially exit the agreement one year after U.N. notification, on November 4, 2020.

The following is a statement from Sandra Purohit, federal advocacy director for the national, nonpartisan business group E2 (Environmental Entrepreneurs):

“The administration is ceding American leadership overseas and sending a clear message to clean energy investors to look elsewhere for opportunities.

“Withdrawing from the Paris Agreement will inflict real financial pain on millions of American workers who earn their paychecks every day in clean energy and clean transportation sectors, and damage U.S. businesses’ ability to compete globally for years to come.”

For more information on why business leaders across the country support rejoining the Paris Climate Agreement, please contact Michael Timberlake at (202) 289-2407 or mtimberlake@e2.org.

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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.