Bloomberg - If Shitstain Dumps Paris, US Loses First, Then Everyone Else Loses
EDIT
A U.S. exit from the Paris accord would be a rupture in policy, a dramatic departure from the record of the last four U.S. administrations, both Democratic and Republican. The two George Bushes, Bill Clinton, and Barack Obama held a pretty consistent line about international climate politics. It went like this: Washington wouldn’t go along with any international agreement that gives poor countries a pass on carbon reduction. The warming atmosphere was a global problem, and everybody must play some part in the solution.
Developing nations cried foul, with China and India complaining the loudest. They were late to reap the benefits of fossil-fuel burning, which had fed the commerce and industry that enriched the nations of the West, as well as Japan. They weren’t going to sign away a chance to lift billions of citizens out of poverty because of a problem created by two centuries of dominance by industrialized nations. The climate fight divided rich and poor nations for a quarter century, until evidence and the pleadings of climate scientists eventually pushed the U.S. and China to cooperate and lead the world into a framework for international action.
EDIT
And that’s what many companies have been doing. In fact, the global energy industry—which has been known for its penchant for decades-long planning and pervasive resistance to change—has become one of the nimblest, fastest, and most innovative industries around. American companies have led this transformation. “For a lot of companies across the United States, the handwriting is on the wall, that this climate change stuff and carbon emissions is an important problem,” says Gary Yohe, an economics and environmental studies professor at Wesleyan University. Exxon Mobil Corp. and ConocoPhillips Co. both back the climate agreement.
The U.S. is the world’s leading producer of natural gas (which burns cleaner than coal and oil) and is busy building export terminals to bring the fruits of fracking to overseas markets. Solar power is projected to be the least-expensive electricity technology in most of the world by 2030, and onshore wind costs will fall an additional 40 percent by 2040, according to Bloomberg New Energy Finance. It’s all part of what may become the greatest opportunity for wealth creation of the 21st century. If Trump decides to pull out of the agreement, the U.S. would be giving a gift to the rest of the world. A climate-renegade U.S. will only empower and encourage China, Europe, India, and virtually everyone else to focus on these increasingly profitable technologies and markets.
EDIT
https://www.bloomberg.com/news/articles/2017-06-01/if-trump-dumps-the-climate-accord-the-u-s-is-the-loser