One of the delicious tidbits to emerge from the infighting in the Trump administration is the codename Steve Bannon’s nationalists use to refer to the leader of the globalist wing, National Economic Council chief Gary Cohn: CTC, for “Carbon Tax Cohn.” The factions are expected to go at it today, in a White House meeting that could determine whether the U.S. remains in the global climate agreement reached in Paris in 2015.Could Trump be getting ready to pull a Nixon-to-China on carbon?
The country may have already moved on. As ImpactAlpha has reported, hundreds of business leaders have asked Trump to accelerate, not impede, the low carbon economy. Even ExxonMobil has called on the president to stand by the Paris agreement. BlackRock, State Street and other major asset managers are taking climate risks seriously, and investors are eyeing the $23 trillion opportunity in financing the solutions. Even some Republican leaders are calling for a carbon tax as the most market-friendly approach to the challenge. Could Trump be getting ready to pull a Nixon-to-China on carbon?
+Info and Source: https://goo.gl/Lf7sKc