U.S. Coal Companies Ask Trump To Stick With Paris Climate Deal

FILE – A plume of steam billows from the coal-fired Merrimack Station in Bow, N.H., Jan. 20, 2015.

Some big American coal companies have advised President Donald Trump’s administration to break his promise to pull the United States out of the Paris Climate Agreement – arguing that the accord could provide their best forum for protecting their global interests.

Remaining in the global deal to combat climate change will give U.S. negotiators a chance to advocate for coal in the future of the global energy mix, coal companies like Cloud Peak Energy Inc and Peabody Energy Corp told White House officials over the past few weeks, according to executives and a U.S. official familiar with the discussions.

“The future is foreign markets, so the last thing you want to do if you are a coal company is to give up a U.S. seat in the international climate discussions and let the Europeans control the agenda,” said the official, who asked not to be named because he was not authorized to speak publicly on the issue.

Read the whole story at Reuters

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