Citi Disappointed by Decision to Withdraw from Paris Agreement

By Ed Skyler, Executive Vice President for Global Public Affairs, Citi June 02, 2017 11:00 AM

We were outspoken in our support for the U.S. to remain in the Paris Climate Agreement and are disappointed President Trump chose to leave the pact. We remain very focused on our own efforts to protect the environment, most notably our commitment to finance $100 billion in clean energy, infrastructure and technology projects which will help build a more sustainable economy.

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Jeffrey Brink

I really do not believe by being a part of the Paris agreement, the USA is going to suffer. The USA is in full throttle to clean alternative sources of energy. And if you have read the Agreement, it was asking for the USA to fund most of it. So I am proud of our President, to stand up and not be taken for a fool when it comes to USA finances.

Sandy Brittian

I am proud of our position on our environment. The future generations depend on the work we, our companies and our government does today.

Troy Jacob

I disagree with that. We are far from being full throttle to clean alternative sources of energy and if it was up to Trump we would be using 100% coal. We are one of the worst polluters in the world right now next to China and they have made huge progress since the Paris agreement started. I just hope that by the Government pulling out it will make people think and start doing their part to step up to reduce their own carbon foot print.

Ashok

I am proud to be part of Citi that speaks a global language than being centric.I feel that US could have done more. Paris agreement was the second one, the first one was Kyoto. Kyoto was declared as failed due to US.http://www.forskningsradet....The more the pollution is made the more you have to pay in future. If not today it has to be paid with interest. Interest need not be money, but the cost we might need to pay for healthcare and healthy environment.Let the rest of the world do its part to have a better world.As of June 2017, 195 UNFCCC members have signed the agreement, 148 of which have ratified it.

Tonisha Hayes

Great point Troy! My family has begun to taking strides to reduce our impact on the world and it is very challenging. Although I am disappointed with the President's stance on the Paris agreement, I am impressed by the businesses who are committed to aligning with the Paris Agreement although they do not have to.

Booca

Big props to Citi for taking a leading corporate stance on staying with Paris and expressing their disappointment in the US withdrawal. In only seems fair that the US had a major financial obligation when you consider our consumption and carbon footprint is a major contributor to the environment. Despite Washington's shortsightedness Citi can still take a leading role in promoting clean energy and curbing global warming for the sake of our children. Keep working with states and their governors and avoid the mistakes of those in Washington.