Home Economy GE CEO Immelt Takes Shot at Trump’s Climate Change Efforts

GE CEO Immelt Takes Shot at Trump’s Climate Change Efforts

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                GE CEO Immelt Takes Shot at Trump's Climate Change Efforts

General Electric CEO Jeff Immelt vowed that his company will lead the charge to fight global warming in an apparent counterattack to President Donald Trump’s quest to dismantle his predecessor’s climate-change legacy.

“Companies must be resilient and learn to adjust to political volatility all over the world," Immelt wrote Wednesday in an internal company blog post obtained by Politico.

"Companies must have their own ‘foreign policy’ and create technology and solutions that address local needs for our customers and society,” he wrote.

“We believe climate change should be addressed on a global basis through multi-national agreements, such as the Paris Agreement. We hope that the United States continues to play a constructive role in furthering solutions to these challenges, and at GE, we will continue to lead with our technology and actions,” Immelt wrote.

"No matter how it unfolds, it doesn’t change what GE (NYSE: GE) believes," Immelt wrote in an internal blog post. "We believe climate change is real and the science is well accepted. Our customers, partners and countries are demanding technology that generates power while reducing emissions, improving energy efficiency and reducing cost," the Boston Business Journal quoted Immelt as writing.

Trump this week asked a federal appeals court to halt its review of carbon-emission rules for power plants, Bloomberg reported.

Trump, who famously called climate change a hoax in a 2012 tweet, on Tuesday signed an executive order that starts unraveling a raft of rules and directives to combat climate change. That was followed Wednesday by a bid to place on hold a 26-state suit challenging the centerpiece of President Barack Obama’s environmental agenda — the Clean Power Plan — so the new administration can dismantle it ahead of a ruling on its legality.

The request is the strongest sign yet that the U.S. may back away from Obama’s commitment to a 197-nation, climate-change accord, though the White House hasn’t taken that step.

The Obama rule was designed to limit polluting coal-fired power plants in favor of green energy, such as wind and solar. Trump’s EPA Administrator, Scott Pruitt, has asked the court, which heard arguments over the plan’s merits in September, to put the case on hold while his agency and the administration review it.

(Newsmax wires services contributed to this report).

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