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David Cherney, an energy market expert at PA Consulting Group, is quoted in the Associated Press discussing the impact of President Donald Trump's decision to withdraw from the Paris climate agreement, and why big oil companies like Exxon Mobil and Royal Dutch Shell may have wanted to stay in the accord. The Associated Press article was reprinted in a number of outlets, including The New York Times, The Washington Post, The Seattle Times, Star Tribune (Minneapolis, MN), and ABCNews.com.
While companies like Exxon Mobil and Royal Dutch Shell favored a predictable structure like the Paris agreement for regulating emissions, David Cherney noted that large multi-national companies may have “also feared a backlash - carbon tariffs or consumer boycotts - in countries that are sticking with the accord.”
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