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B-Schools React To Paris Agreement

In 2016, the Paris Agreement was made, where almost 200 countries agreed that global warming should be kept at bay and greenhouse gases should be curbed. It was an unprecedented commitment uniting most of the world’s governments.

However, recently US President Donald Trump said that his country would terminate its participation in the Paris Agreement. It wasn’t really surprising, as Trump has promised to do it as soon as he would become President. The problem is that the US is one of the countries that pollute Earth the most.

Vocal Disagreement From Companies

Once there was no doubt as to Trump keeping his promise, most leading US companies addressed the President in an open letter, asking him to stay within the agreements. As soon as Trump made his announcement, state governments started pledging to continue what was started in Paris and try to reduce greenhouse gas emissions. Unsurprisingly, many top US entrepreneurs followed the lead. Elon Musk was the first with his decision to withdraw from presidential councils and promise that his companies would not break from the agreement. Shortly after, his example was followed by Bob Iger (CEO of Walt Disney) and Tim Cook (CEO of Apple). Michael Bloomberg announced that his company (Bloomberg Philanthropies) would pay the UN 15 million dollars that Trump decided to save with leaving the agreement.

Even companies that should be agreeing with the presidential decision, like oil and motor businesses, refused to follow suit. General Motors, ExxonMobil and Goldman Sachs ensured the UN that they would not break the Paris Agreement, as environmental protection is crucial for human survival on the planet.

Top Business Schools Follow Suit

Even the best business schools in America vocally disagree with Trump’s decision. Berkeley Haas executive director, Robert Strand, emphasized on the ‘lack of leadership’ from the president and promised that his university, faculty and students would continue making effort to stop climate change.

Another Haas executive, Faris Natour, agreed wholeheartedly and added that abandoning anti-climate change measures is essentially violating human rights.

Ross School of Business representative Andrew Hoffman even went as far as openly vocalizing disappointment with the new president. Hoffman noted that the data presented by Trump as base for withdrawing from the Paris Agreement was sketchy and untrue.

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