According to Bloomberg, a pro Paris bloc in his administration, which targets greenhouse emissions, is recruiting energy companies to lobby the President to remain in the controversial agreement that he specifically said was a waste of money during the campaign.
“Domestic energy companies are better positioned to compete globally if the United States remains a party to the Paris agreement,” Cheniere wrote. The accord “is a useful instrument for fostering demand for America’s energy resources and supporting the continued growth of American industry.”
Additionally, Exxon Mobil, Royal Dutch Shell Plc and BP Plc are pro agreement. This is classic crony capitalism. By erecting environmental obstacles, the above energy giants will, effectivley, create a moat around their businesses. No one actually believes BP or Exxon cares about global warming, right?
Both Steve Bannon and EPA head, Scott Pruitt want out of the agreement. But, since Trump’s fashion designer daughter wants to keep her liberal NYC friends, the President is said to be weighing his options.
Trump is nearing a decision on whether he will fulfill repeated pledges to withdraw the U.S. from the accord he previously derided as “bad for U.S. business.” The White House postponed a planned Tuesday meeting of senior administration officials, including Pruitt, Tillerson, Kushner and Bannon, to go over the pros and cons of staying in the agreement, according to an aide citing a scheduling conflict.
The administration will decide what to do before late next month, when world leaders gather for the Group of Seven summit in Italy, White House press secretary Sean Spicer said.
Not every energy executive is on board. Coal baron Robert E. Murray has been outspoken in criticizing the deal, arguing it’s “just a way for other countries to get American money.”
The Paris agreement, formed under Obama, commits America to cut emissions by 26% by 2025.
“The Paris agreement is designed to undermine American self government over the long term because the whole point of it is to put the United States inside a political pressure cooker” and influence domestic energy policy, said Marlo Lewis, a senior fellow at the Competitive Enterprise Institute. “The coal companies and oil and gas companies that are flirting with the Paris agreement don’t understand the existential threat that they’re buying into.”
We eagerly await the outcome of yet another Bannon v Kushner battle.
Full article: Trump Mulling Reneging on Another Campaign Pledge, Thanks to Ivanka and Jared Kushner (ZeroHedge)