Investors condemn Trump's 'troubling' withdrawal from Paris climate deal

'Final blow' to Obama's legacy

Jayna Rana
clock • 2 min read

President Donald Trump's decision to take the US out of the 2015 Paris Climate Change Agreement "implies financial and economic loss for the international community", according to investors, who have criticised his latest move.

Trump said last night that the accord "punished" the US and would cost millions of American jobs. According to the BBC, he said he was prepared to negotiate a new agreement or re-enter the accord on improved terms. "I was elected to represent the citizens of Pittsburgh, not Paris," he said. However, the Global Sustainable Investment Alliance (GSIA), a collaboration of sustainable investment bodies from around the world, has hit out at the decision. The organisation, which represents $12trn of AUM, said it urges the Administration to reconsider, stating the move would slow progress ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

FCA's Rathi addresses Autumn Budget market abuse concerns

FCA's Rathi addresses Autumn Budget market abuse concerns

Pens open letter to Treasury Committee

Isabel Baxter
clock 04 December 2025 • 2 min read
More tax, less shelter: A slow-burn Budget for savers and investors

More tax, less shelter: A slow-burn Budget for savers and investors

'The Budget documents make for sobering reading for those trying to build up their wealth'

Laith Khalaf
clock 04 December 2025 • 3 min read
OBR 'deeply regrets' early release of Budget document

OBR 'deeply regrets' early release of Budget document

Mistaken release of Budget documents forced Richard Hughes' resignation

Linus Uhlig
clock 02 December 2025 • 3 min read