Once again President Trump has taken the world by storm by announcing that the US is withdrawing from the painstakingly put together 2015 Paris climate agreement with Trump saying the accord “punished” the US and would cost millions of American jobs. In an address at the White House, he said he was prepared to negotiate a new agreement or re-enter the accord on improved terms. His decision has been greeted with widespread international condemnation and even some members of his President Business Advisory Council have resigned in protest with both Tesla CEO Elon Musk and Walt Disney boss Robert Iger doing so while global giants like Google and Facebook said they would continue to work towards a cleaner environmental future .
Long before the Paris deal was signed, many of the world’s biggest companies were addressing their impact on the environment and their role in tackling climate change, and in the hours after the announcement, major firms were quick to emphasise that whatever the US’s official position on the Paris deal, their own environmental focus would remain. Even energy firms, such as ExxonMobil, and Chevron whose businesses have depended heavily on oil and fossil fuels, have long been looking to the future, pouring hundreds of billions of dollars into researching and developing more sustainable, clean sources of energy. Other major producers including BP and ConocoPhillips already publish reports on how rising temperatures would impact their businesses.
It is not only energy companies that are committed to alleviate climate change but those whose business depends on stable weather conditions and that’s why companies like Kellogg and General Mills, which depend on the weather to grow grains to make cereals for example, are looking for ways to protect their supply chain.Dr. Mohamed Ramady