OPEC says fully supports Paris climate pact as US withdraws from agreement

OPEC says fully supports Paris climate pact as US withdraws from agreement

OPEC Secretary-General Mohammad Barkindo said on Tuesday that the oil producer group fully supports the Paris Agreement on climate change.

The statement comes a day after the Trump administration said it had filed paperwork to withdraw the US from the pact.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

“OPEC is fully engaged with the Paris Agreement,” Barkindo said at the launch of the Organization of the Petroleum Exporting Countries’ World Oil Outlook.

The US move is part of a broader strategy by President Donald Trump to reduce red tape on American industry, Reuters said. However, it comes at a time scientists and many world governments urge rapid action to avoid the worst impacts of global warming.

Leave a Reply

Your email address will not be published. Required fields are marked *

*