Some of the biggest firms in the United States have reacted with dismay to President Donald Trump’s decision to pull out of the Paris climate deal.
General Electric, Facebook, Goldman Sachs and Walt Disney were among corporate giants to condemn the move. Critics say the withdrawal will hurt US companies’ ability to work abroad and inhibit innovation.
US coal firms welcomed the move, saying it would save jobs and ease regulation. The Dow Jones share index closed up zero-point-six percent following the widely expected announcement.
Tesla boss Elon Musk confirmed he would quit two seats on White House advisory groups. Walt Disney chief executive Robert Iger said he too would quit an advisory role, while Goldman Sachs boss Lloyd Blankfein used his first ever tweet to condemn the move.
In his announcement on Thursday, Mr Trump said the deal, which involved voluntary commitments, put the US at a disadvantage. He said he would be willing to renegotiate under different terms.