Jun 2, 2017

U.S. cities commit to the Paris accord after Trump withdraws

Charlie Riedel / AP

The decision is galvanizing opponents in a way that neither side fully anticipated, with a drive under way to meet the U.S. commitments in spite of Trump.

N.Y. Times p. A12, "Bucking Trump, These Cities, States and Companies Embrace Accord," by Hiroko Tabuch and Henry Fountain:

"Representatives of American cities, states and companies are preparing to submit a plan to the United Nations pledging to meet the United States' greenhouse gas emissions targets under the Paris climate accord, despite President Trump's decision to withdraw from the agreement."

"The unnamed group — which, so far, includes 30 mayors, three governors, more than 80 university presidents and more than 100 businesses — is negotiating with the United Nations to have its submission accepted alongside contributions to the Paris climate deal by other nations." Politico later noted that the group is called the United States Climate Alliance.

Governors from California, New York and Washington are all part of the alliance. The three states contributed a collective 11% of carbon emissions in 2014, per Politico.

"Bloomberg Philanthropies, Mr. Bloomberg's charitable organization, is offering to donate $14 million over the next two years to help fund the budget should it be needed, a spokeswoman said. That figure represents the United States' share, she said."

Go deeper

Biden: George Floyd's last words are "a wake-up call for our nation"

Former Vice President Joe Biden meets with clergy members and community activists during a visit to Bethel AME Church in Wilmington, Del. on June 1, 2020. Photo: JIM WATSON/AFP via Getty Images

Joe Biden will call George Floyd’s dying words “a wake-up call for our nation,” and criticize President Trump’s decision to unleash tear gas on peaceful protesters outside the White House, in a civil rights speech from Philadelphia on Tuesday.

Why it matters: Biden in the address will seek to draw a sharp contrast between himself and Trump, whose first remarks addressing nationwide unrest Monday highlighted law and order, extreme demonstrations of militarized “strength” and other blustery threats.

The alarm over climate financial risk gets louder because of coronavirus

Illustration: Sarah Grillo/Axios

The COVID-19 pandemic underscores why market regulators, companies and investors should do a better job planning for climate risks to the financial system, a pair of reports finds.

Driving the news: The International Monetary Fund said projected increases in the frequency and severity of natural disasters are a potential threat that investors probably aren't weighing enough.

23 mins ago - Technology

Facebook's first major public worker walkout

Illustration: Sarah Grillo/Axios

Disgruntled Facebook employees, upset for days over the company's decision not to take down what they saw as calls for violence from President Trump, made their grievances public on Monday, with reportedly hundreds of workers staging a virtual walkout.

Why it matters: Facebook staffers have pushed back against controversial management choices in the past, but they've never before made public their dissent en masse. The protest suggests that the company — already battered by privacy scandals and political tensions — could be beginning to lose at least some of its workforce's trust.