CEOs make a final urgent plea: Don't pull out of Paris accord

Will we always have Paris? #COP21

Corporate America will be creating a final urgent plea to President Trump: Don’t pull out of the Paris climate accord.

A letter signed by 25 major U.S. firms will be running as a full-page ad in Washington, D.C. newspapers on Thursday, part of a last ditch effort to convince Trump which sticking with the agreement would certainly be better for the economy.

“By expanding markets for innovative clean technologies, the agreement generates jobs along with economic growth,” the letter says. “U.S. companies are well positioned to lead in these markets.”

Apple (AAPL, Tech30), Google (GOOGL, Tech30), Facebook (FB, Tech30), Gap (GPS), Microsoft (MSFT, Tech30), along with Unilever (UL) have all signed the letter.

Trump, who has called climate change a “hoax,” will announce his decision on the Paris accord at 3:00 p.m. ET. He will be required to withdraw via the landmark agreement, according to two senior U.S. officials familiar with his plans.

The business community has largely backed the climate deal, which has been signed by every nation except Syria along with Nicaragua.

Business leaders argue which the Paris deal, also called COP21, will help generate completely new jobs, limit damage via climate change along with help assert American leadership on the global stage.

Related: EU leader urges Trump not to ditch Paris climate deal

The campaign has today reached a fever pitch.

Tesla CEO Elon Musk threatened to step down via the president’s advisory councils on Wednesday if the president withdraws via the agreement, saying he’s done everything possible to convince Trump to remain from the deal.

Apple CEO Tim Cook called the White House on Tuesday to urge Trump to remain from the deal, according to Bloomberg. Apple did not respond to a request for comment, nevertheless the item has been a vocal supporter of the Paris agreement.

Related: China along with Europe are moving forward without Trump

Even major oil firms like Chevron (CVX) along with BP (BP) have publicly backed the deal.

ExxonMobil CEO Darren Woods wrote a personal letter to Trump earlier This kind of month, urging him to stick to the deal. The U.S., he said, will be “well positioned to compete” with the agreement in place along with staying in means “a seat at the negotiating table to ensure a level playing field.”

Oil companies like the agreement because the item favors natural gas (which they produce) over dirtier coal.

Here’s a list of some other major firms which support the Paris agreement:

Adidas (ADDYY)
Adobe (ADBE)
Allianz (ALIZF)
DuPont (DD)
eBay (EBAY)
General Electric (GE)
General Mills (GIS)
Hilton (HGV)
Intel (INTC, Tech30)
Kellogg Company (K)
L’Oreal (LRLCY)
Monsanto (MON)
Morgan Stanley (MS)
Procter & Gamble (PG)
Royal Dutch Shell (RDSA)
Staples (SPLS)
Symantec (SYMC)
Dow Chemical Company (DOW)
Tiffany & Co. (TIF)
Unilever (UL)

sy88pgw (London) First published June 1, 2017: 8:15 AM ET

CEOs make a final urgent plea: Don't pull out of Paris accord

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