Suffering Withdrawal: The Post-Paris Energy Outlook
Law360, New York (June 7, 2017, 2:04 PM EDT) -- In announcing the United States’ withdrawal from the Paris climate accord, President Trump characterized the accord as deleterious to the domestic extraction and industrial manufacturing industries. He identified the accord as a catalyst for abrupt declines in electric reliability caused by increased development of intermittent non-fossil energy resources for generation.
Clearly, the administration’s intended beneficiaries of the withdrawal are fossil energy developers generally, and coal companies, coal transportation companies and employees of those companies, including miners, in particular. The president supported his action, not by dissecting the agreement — compliance with which is largely voluntary — but by vilifying the co-signatories...
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