Letter: Climate policies bad for business

Donald Trump’s reckless climate denial policies are bad for business, according to several high-level U.S. business executives, including the president of General Electric. Even Exxon-Mobile, a company accused of covering up the link between fossil fuel use and climate change, has publicly called for the Trump administration to recommit America to the Paris Climate Accord.

Why? Because climate change is bad for business. Anticipated impacts include skyrocketing food costs from reduced crop yields, rising national debt from increasingly severe property damage caused by extreme weather, interruptions of manufacturing supplies, instability of financial markets, climate-driven geo-political instability, and even the risk of a worldwide depression.

Unlike our president, whose policies are driven by anti-government ideology, American business leaders have their feet on the ground. They understand that, in the long run, ignoring the threat of climate change will end up costing America far more than implementing public policy to address it now. Or, as our grandmothers put it, “an ounce of prevention is worth a pound of cure.”

Most important is that responding to climate change now will create enormous benefits for the U.S. economy. By investing in renewable energy manufacturing and infrastructure, we can create many times more jobs than those seen in the dying fossil fuels industry. Rather than letting the rest of the world seize this opportunity, America must assume its traditional role as the world’s innovation leader and reap its share of the tremendous economic rewards.

More jobs, more profits, and a healthier planet. Let’s do this.

Jonas Magram


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