Tuesday, June 6, 2017

Donald Trump's Paris climate pull-out puts him on a collision course with market forces

He may be the leader of the free world, but Donald Trump is about to learn the hard way that he cannot control the free market.
President Donald Trump may have unwittingly
 ceded global economic leadership to China.
The US President's declaration that America would withdraw from the Paris Accord on climate change largely was met with derision by big business, even fossil fuel giants Exxon Mobil and Conoco Phillips.

The reason? The business world has moved on. The argument about climate change has passed and most now accept the inevitability of a carbon price.

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