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

Trump has a mixed history with Goldman Sachs.

With Mr Trump's action, the United States will walk away from almost every nation in the world on one of the pressing global issues of the 21st century.

Worldwide leaders, including the Pope, had pressed Trump not follow through on an election campaign promise to abandon the accord, and they lamented his decision, Reuters reported.

The United States had committed to reduce emissions by 26 to 28 percent from 2005 levels by 2025. The American President claims it would cost as many as 2.7 million American jobs.

"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.

He described the decision as a "setback for the environment and for the US's leadership position in the world".

The mayor of Paris, where a landmark global climate agreement was agreed in December 2015, said the decision by Trump to withdraw from the deal was "a mistake that would have dramatic consequences".

"Other major companies, including Morgan Stanley, Unilever, Intel and big tech firms, such as Apple, had opposed withdrawal, saying it would have spurred energy innovation in the U.S., among other benefits", says the BBC.

Investors are taking a different view, however.

"It snowed over 4 inches this past weekend in New York City". This was prompted by positive wage growth figures in the US.

Cohn tried to walk back those comments too, telling Blitzer, "I'm not sure that's what I said" and saying that natural gas, which has displaced coal from the fuel mix in recent years thanks to the "unbelievable technological advancements" of the fracking industry, won't always be as cheap as it is now.

German Chancellor Angela Merkel, French President Emmanuel Macron and Italian Prime Minister Paolo Gentiloni said in a rare joint statement the agreement could not be renegotiated and urged their allies to hasten efforts to combat climate change.

"Meeting [former] President Obama's goal would have led to more regulations, higher energy prices and dependence on less reliable energy sources".


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