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Climate | 11th November 2016

Trump presidency may significantly increase climate-related financial risks to business and investors
Climate
Climate accountability

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Trump presidency may significantly increase climate-related financial risks to business and investors

Prior to his election as the new US President, Donald Trump has been clear about his position
on climate change. He has previously called climate change a hoax and publicly declared that, if
elected, he would ‘cancel’ the historic Paris Agreement.

The Paris Agreement is an international treaty that has now been ratified by 105 different
countries. It cannot simply be cancelled by one of them. Nonetheless, when Mr Trump comes
into office, he will have the power to withdraw from the Paris Agreement or otherwise limit US
participation in pursuing its objectives.2 US withdrawal from the Paris Agreement could not
legally take effect until November 2020.

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