Hassam Hameed-TDO-13.12.2017- French president Emmanuel Macron believes that US president Donald Trump will be on board to combat climate change. He refused the possibility to negotiate US demands. Lots of investors have turned against the use of fossil fuels at the summit.
Macron condemned US withdrawal from the international deal. The previous champion of the deal under former US president Barack Obama is now the only country to have rejected the pact. ‘Hoax’ is the term used by Mr. Trump to describe climate change, which came under lots of criticism. Former UN secretary general Ban Ki-moon criticized it as "politically short-sighted and misguided, economically irresponsible, and scientifically wrong".
World Bank president Jim Yong Kim announced that lender will "no longer finance upstream oil and gas after 2019". Dutch ING bank would have ’close to zero exposure’ of generation via coal power by 2025. HSBC launched a campaign to pressure largest emitters of greenhouse e.g.airbus, BP etc. to go greener.