MSNBC Live lays out business case for staying in the Paris climate agreement
STEPHANIE RUHLE (HOST): President Trump said a decision about his intention to abandon the climate deal will come to Paris this week. If Trump decides to bail out the deal, it will be against companies like Microsoft, Exxon Mobil, Hilton, Apple, Johnson & Johnson, Tesla, Google, and the Dow Chemical Company, to name a few. For more information on the company’s views, CN Insider collaborator Ron Insana, and I have my back panel with me, Mike Lupica and Megan Murphy. Ron, is the Paris deal good or bad for the business? Because we know that companies do not like volatility, and they are all lined up to prepare for that.
RON INSANA: And that’s how many other agreements. It is like the law of fiduciary responsibility of the Ministry of Labor for financial companies, which says put the customer first. All Wall Street firms have prepared for it. And now that they have planned to overthrow him. Now that the Paris climate agreements. Most companies have moved towards a sustainable form of energy, reducing their carbon footprint and what it has in the context of concern about climate change. So if we go out in the short term, no doubt, you may see an advantage for companies because their compliance costs decrease. In the long run, this is not the way the world works, and businesses must remain absolutely aligned with this agreement because it ultimately benefits in terms of productivity and efficiency as well. on.
RÜHLE: Then he retired, which the president should play? Who was going to do it, please? As we have mentioned, Dow Chemical is, Andrew Liveris is –
Insane Exxon is there.
RÜHLE Exxon. Andrew Liveris is the closest trustee adviser to Trump’s president, but Ted Cruz said over the weekend he said: “Not only will these unfair standards reduce US growth and wages and increase monthly utility costs for families Would be primarily at a disadvantage for the United States in the global economy. ”
Insane: Absolutely false. If you return –
RÜHLE in one word.
Insane in one word. If you go back and look at history, President Nixon started the Environmental Protection Agency. President Reagan got rid of acid rain by reducing emissions of sulfur dioxide. In addition, emissions of CFCs are reduced to help the ozone layer. Throughout this period, the economy has grown and grown and grown with very little negative impact on the financial results of companies. We saw corporate earnings establish records over and over again. This is actually in many ways, even if you do not believe that climate change is man-made, it is always advisable to keep your own diaper box if you wish. It is not a bad idea to do these things.
RÜHLE: So Megan, so it’s a smart thing for business, I mean if you heard the CEO of ExxonMobil. And not only that, Jared, Ivanka, Dina Powell, the Gary Cohn quota. Why does not the president participate?
MEGAN MURPHY: Okay, on the other hand, there are also 195 other countries that are members of the agreement. And big companies. It is not just the fact that this is a drift towards sustainable energy and that companies focus more on politics but also unlocking billions that they consider remained out of the investment. Unleash the future of smart energy, move jobs, invest in infrastructure this way and how to unlock a different future for American investment, for global investment. If we are going to get out of this deal, we will really be very excluded, both in terms of what big companies want and how the world is changing ….