Lloyd Blankfein Condemns Trump’s Paris Accord Withdrawal: An Irony Lost on the Goldman Chief
Today’s post looks at the news that Goldman Sachs’ Chief Executive Officer, Lloyd Blankfein, has issued his very first personal ‘tweet’ - which has a certain reverence given that he joined the social media platform in 2011 - to condemn President Trump’s decision to leave the Paris Agreement on Climate Change and Environmental issues. In this post we shall look more closely at the sentiments offered by Blankfein and the reasons for it, but in keeping with the sentiments applied here in Financial Regulation Matters , we shall then look at the larger picture where will find that Blankfein’s condemnation is ironic at best, and appalling at worst. Only a few days ago, President Trump stood outside the White House and declared that, with regard to America’s participation in the Paris Climate Accord, ‘ we’re getting out ’ which, obviously, led to a wave of criticism and counter-statements from around the world . The decision will no doubt continue to be the focus of much debate, but f...