Corporate America distances itself from Trump over rejection of Paris accord
US President Donald Trump (r) talks with Tesla and SpaceX CEO Elon Musk during a meeting with
business leaders at the White House in February. (Photo by AP)
The relationship between US corporate leaders and Donald Trump’s administration has reportedly
cooled over the president’s rejection of the Paris climate accord, lack of progress of his Capitol Hill
agenda and a possible shakeup in the White House staff.
The regular parades of major corporate executives into the West Wing of the White House have
stopped and a gathering of executives led by Blackstone CEO Stephen Schwarzman planned for
next week has been cancelled due to conflicts, Politico reported Saturday.
Meanwhile, Tesla CEO Elon Musk and Disney CEO Bob Iger quit as outside advisers to the US
president following his rejection of the Paris climate deal, the report added.
Additionally, dozens of other executives have publicly censured the Trump administration over
the decision, including Goldman Sachs CEO Lloyd Blankfein—a former colleague of many top
administration officials—who slammed the Paris decision as a “setback for the environment and
for the US's leadership position in the world.”
According to the report, chief executives and senior corporate lobbyists are also disappointed
over the lack of progress in the administration’s major Capitol Hill agenda – including repealing
Obamacare and passing massive tax cuts.
Read more:
US corporates-Trump ties cool over Paris accord