US/World News

Goldman Sachs CEO, Israeli minister bash US pullout from climate accords

(JTA) – Israel’s energy minister and the CEO of the Goldman Sachs bank, Lloyd Blankfein, joined the chorus of critics who condemned President Donald Trump’s decision to exit the Paris climate deal. Minister Yuval Steinitz criticized the move implicitly. “Even if there is a 50 percent chance that climate change and global warming is man-made, we must act to reduce risk,” he wrote on Facebook, adding that Israel won’t change plans for reducing the use of fossil fuel. Blankfein, a Jewish New Yorker, on June 1 became the most high-profile Wall Street figure to come out against Trump’s decision, the New York Post reported. Blankfein tweeted: “Today’s decision is a setback for the environment and for the US’s leadership position in the world. #ParisAgreement.”

Blankfein’s support for the climate agreement seems to echo that of Gary Cohn, the former Goldman president who left for a job as Trump’s economic adviser. Late last month, Cohn – who is also Jewish – said that Trump’s view on the Paris treaty was “evolving.” Blankfein has come out against the president’s policies before. In January, Blankfein blasted Trump’s initial ban on the entry into the United States of citizens from seven Muslim countries, saying in a voice mail left on the phones of all Goldman employees that it was “not a policy we support.”

Republican congressional leaders backed Trump. Democrats blasted the president’s move. Senate Democratic leader Chuck Schumer called the decision “one of the worst policy moves made in the 21st century because of the huge damage to our economy, our environment and our geopolitical standing.”

CAP: Lloyd Blankfein

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