Goldman Sachs CEO tweets for the first time, slams Trump's Paris decision

Share

In his first ever tweet, Goldman Sachs CEO Lloyd Blankfein called the decision a "setback" for the environment and for USA global leadership.

Minister Yuval Steinitz criticized the move implicitly. Cohn, unsurprisingly, loyally defended his new boss's position to Wolf Blitzer on CNN yesterday, but a couple of times gave the impression that he's not really on the same page as the President when it comes to climate change.

Goldman's chief Lloyd Blankfein has broken his six-year Twitter silence to protest Trump's decision to take the U.S. out of the Paris climate change agreement.

Blankfein's intervention contrasted sharply not only with the President's own take but also with that of his former deputy Gary Cohn, who left Goldman to serve as Trump's top economic advisor.

Late last month, Cohn - who is also Jewish and is seen as a more moderate than conservatives like Steve Bannon - said that Trump's view on the Paris treaty was "evolving". Blankfein openly opposed the president's controversial travel ban, and he voiced support for Democratic candidate Hillary Clinton during the 2016 election. He complained in particular about China's terms under the agreement.

The vast majority of business leaders seem to be against the decision.

"Disappointed with today's decision on the Paris Agreement", Immelt said.

"The United States is a leader, we're a leader in technology what we're doing in this country, in our new technological wave", Cohn said.

On Thursday Trump announced the USA was withdrawing from the Paris agreement in a move that reversed a prior decision by his predecessor, President Barack Obama, who had hoped the agreement could help combat climate change.

Syria and Nicaragua are the only other non-participants in the accord.

"Under the deal, the U.S., which accounts for about 15 percent of global greenhouse gas emissions, had committed to a 26 per cent to 28 per cent reduction from 2005 levels by 2025", says the BBC. The United States accounts for more than 15 percent of total worldwide greenhouse gas emissions, second only to China.

Share