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Stories of Interest
- North Korean caught secretly mining bitcoin rival
- IPO Timelines Cut by 80% After SEC's Private Filing Decision
- How the Carried Interest Break Survived the Tax Bill
- FINRA: The Neutral Corner
- Coinbasex Says Buying and Selling Temporarily Disabled Amid Price Rout
- Bitcoin plunges by more than a third in a single day
- Goldman Is Setting Up a Cryptocurrency Trading Desk
- Jefferies Lets Employees Choose When to Receive Their Bonuses
- UBS Told to Pay $903K After Losing Retaliation Verdict
- BEWARE: Long Island Iced Tea Shares Soar After Changing Name to Long Blockchain
- Gary Cohn’s Last Laugh: Cashing Out on Trump’s Tax Plan
- E*Trade Lets Customers Trade in CBOE Bitcoin Futures
- Swiss Find Serious Shortcomings at JPMorgan in 1MDB Case
- Washington-based Investment Adviser and His Business Partner Charged in Multi-Million Dollar Scheme
- FINRA Board of Governors Meeting
- Cryptocurrency Market Now Doing Same Daily Volume as the NYSE
- Jailed Barclays Trader Must Pay $400,000 From Libor Profits
- Trump Asks ‘How’s Your 401(k)?’ But Most Voters Don’t Have One
- A Bitcoin Hedge Fund’s Return: 25,004% (That Wasn’t a Typo)
- Madoff Victims Near Full Recovery of Principal With Payout
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NEWSLETTERS & ALERTS
Donald Trump & Co.
U.S. Will Withdraw from Paris Climate Accord - Trump
[Photo: Donald Trump with EPA Secretary Scott Pruitt / screen grab]
In response, the governments of Germany, Italy and France issued a joint statement saying they "firmly believe" that the accord can't be renegotiated.
In a statement following Trump's announcement, Former President Obama said he believes "the United States of America should be at the front of the pack. But even in the absence of American leadership; even as this administration joins a small handful of nations that reject the future; I'm confident that our states, cities, and businesses will step up and do even more to lead the way, and help protect for future generations the one planet we've got."
True to his word, Tesla CEO Elon Musk, who supports the Paris Climate Accord, announced that he would immediately resign from 3 White House advisory councils.
Trump cannot technically pull out of the agreement until November 2019, and the U.S. must give a year's notice before it can withdraw, according to reports. So a withdrawal may not take effect until 2020, though mechanisms exist to possibly speed the process. The White House contends that the U.S. has already reduced its carbon dioxide emissions and does not need the Paris accord to cut them even more, according to talking points obtained by CNBC.