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Article

2 Jun 2017

Author:
Jonathan Shieber, techcrunch.com

Venture investors blast US decision to withdraw from Paris Climate Accord

Several investors have come out swinging against President Trump’s decision to withdraw from the Paris Climate Accord..."We should all agree that advanced energy technologies represent one of the biggest economic opportunities. To give that up is a threat to American prosperity” said General Catalyst managing director Hemant Taneja..."“Withdrawing the U.S. from the Paris agreement is only going to galvanize cleantech entrepreneurs to work three times as hard to address the dangers of climate change and this presidency” said Steve Vassallo, a general partner with Foundation Capital (an investment firm with $2.4 billion under management)...While investors decried the decision, they admitted that their companies were already prepared for it. [refers to Salesforce.]

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