President Donald Trump's decision to take the US out of the 2015 Paris Climate Change Agreement "implies financial and economic loss for the international community" according to investors, who have criticised his latest move.
Trump said last night that the accord "punished" the US and would cost millions of American jobs. According to the BBC, he said he was prepared to negotiate a new agreement or re-enter the accord on improved terms. "I was elected to represent the citizens of Pittsburgh, not Paris," he said. However, the Global Sustainable Investment Alliance (GSIA), a collaboration of sustainable investment bodies from around the world, has hit out at the decision. The organisation, which represents $12trn of AUM, said it urges the Administration to reconsider, stating the move would slow progre...
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