Investment managers from around the world have urged President Jonathan Ernst OSLO to abandon his threats to cancel the US's implementation of the Paris climate accord, which aims to limit a rise in temperatures by phasing out fossil fuels. The letter signed by 214 institutional investors stated that the mitigation of climate change is essential for safeguarding their investments. Trump's plans to invest in the US coal industry could breach international law if the US agrees to the accord but downgrades its climate commitments, according to the president's advisers.
Investment managers from around the world have urged President Donald Trump to abandon his threats to cancel the US's implementation of the Paris climate accord, which aims to limit a rise in temperatures by phasing out fossil fuels. The letter signed by 214 institutional investors stated that the mitigation of climate change is essential for safeguarding their investments. Trump's plans to invest in the US coal industry could breach international law if the US agrees to the accord but downgrades its climate commitments, according to the president's advisers.