Corporate America distances itself from Trump over rejection of Paris accord

The relationship between US corporate leaders and Donald Trump’s administration has reportedly cooled over the president’s rejection of the Paris climate accord, lack of progress of his Capitol Hill agenda and possible shakeup in the White House staff.

The regular parades of major corporate executives into the West Wing of the White House have stopped and a gathering of executives led by Blackstone CEO Stephen Schwarzman planned for next week has been cancelled due to conflicts, Politico reported Saturday.

Meanwhile, Tesla CEO Elon Musk and Disney CEO Bob Iger quit as outside advisers to the US president following his rejection of the Paris climate deal, the report added.

Additionally, dozens of other executives have publicly censured the Trump administration over the decision, including Goldman Sachs CEO Lloyd Blankfein—a former colleague of many top administration officials—who slammed the Paris decision as a “setback for the…

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