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The latest insights from CDP, the global environmental disclosure system

The US administration’s decision to pull out of the Paris Agreement, while deeply regrettable, did not come as a surprise. And while the withdrawal of the world’s largest economy is a serious blow, it is certainly not a lethal one. The reality is that momentum behind the low-carbon transformation is far too strong to be halted by one administration alone. The world economy’s transition toward clean energy sources is inevitable, irreversible and already underway.

CDP’s response to the US’ withdrawal from the Paris Agreement

With or without the support of the US federal government, global efforts to prevent dangerous climate change will continue to drive forward. Read CDP’s response to the US’s withdrawal from the Paris Agreement, and watch our CEO Paul Simpson tell BBC World why that decision risks leaving America behind.

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CDP
 
“We Are Still In”
by CDP

After the US administration’s announcement, over 1,200 US governors, mayors, businesses, investors and universities joined forces to declare they are “still in” on the Paris Agreement. They sent a collective message to the world that, in the absence of leadership at the federal level, they will continue to work towards ambitious climate goals.

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Tarek Soliman
 
The new normal: Exxon shareholders vote in favour of climate action
by Tarek Soliman

While the US administration was walking away from its climate commitments, investors were stepping up. As two-thirds of shareholders in the world’s biggest oil and gas company voted in favour of greater transparency on climate risk, our senior analyst Tarek Soliman explained why investor action is now the new norm.

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Dexter Galvin
 
Deforestation: A business-critical issue for the world’s biggest buyers
by Dexter Galvin

McDonald’s, L’Oréal, Firmenich and other big buyers are using their spending clout to axe deforestation from their supply chains. With companies driving demand for the commodities causing most tropical forest loss, our head of supply chain Dexter Galvin explains why it’s a critical issue for the planet and the bottom line.

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Around the web

As the US administration pulls out of the Paris Agreement, US businesses redouble their efforts. Paul Simpson writes for World Finance.

Lance Pierce told Deutsche Welle why cities and businesses can fill the gap left by the US government.

McDonald’s and L’Oréal join CDP’s latest green supply chain push. BusinessGreen reports.

 
 
Save the date

Late June: The TCFD releases its recommendations ahead of the G20 Summit.

20 July: The next instalment of CDP’s investor sector research will be an update report on the mining industry, analysing 12 of the world’s largest miners that disclose to CDP.

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