06-01-2017, 09:14 PM
Quote:Another repercussion, Sterman says, is potential retaliation from other countries, which could also leave the Paris Agreement or punish the US in some way. "It's not that far-fetched to imagine a scenario where China, in response to the US pulling out ... implements a carbon tax on all goods exported from the US to China, and others nations could follow suit," Sterman said.How leaving the Paris Climate Agreement could affect the US - Business Insider
This prospect reportedly led several fossil-fuel companies, including ExxonMobil and the coal-mining group Cloud Peak Energy, to urge the president to stay in the agreement. Sterman said coal, gas, and oil companies knew that while they may be restricted slightly by the Paris Agreement, they could lose their seat at the international negotiating table — with China, India, the European Union, and other world powers — if the US pulled out of the accord..