The President of the United States divulged an opposing direction to the Paris climate accord recently. Donald Trump voiced out a new possible move for the country that would lead to the exit from this global environmental initiative. On the other hand, not all key players in this strategy agreed. The biggest oil producers in the world, Exxon and Conoco, expressed their opposition to the President’s views.
The President of the United States Views Paris Agreement as Detrimental to National Economy
On Wednesday, both Exxon and Conoco underlined once more their alignment with the Paris agreement. They intend to stick to the schedule and put in efforts to cut greenhouse pollution. These statements come shortly after reports suggested Donald Trump is planning to leave this global initiative.
According to the President of the United States, the activities that this accord entails can only hurt the American economy. Therefore, the most powerful man in America wants only to save a seat at the negotiations table. He intends to use this influence to persuade global leaders to cut on emissions. On the other hand, the president doesn’t show signs of applying these conditions in his country himself.
Oil Producers Believe Clean Fuels Are Here to Stay
The new CEO of Exxon, Darren Woods, has a comprehensive view on this matter. Even though he is sure that oil production is going to grow incrementally in the following decades due to high demand, Woods is thinking of ways to address the Paris agreement at the same time. Therefore, Darren Woods is turning to strategies such as carbon capture, low-emission fuel, and clean energy sources to stick with the goals of Paris agreement.
“Energy needs are a function of population and living standards.”
The biggest independent oil producer, ConocoPhillips, has also expressed its urge for an active U.S. in the Paris agreement. Spokesman Daren Beaudo views this direction as the only right way to protect the economic and environmental future for the country. Other key American players that joined this stand are Consolidated Edison and Warren Buffett’s Berkshire Hathaway.
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